As long as price exceeds AVC, the firm is better off
A) continuing production.
B) closing.
C) raising its price.
D) cutting price.
A
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Your text identifies all of the following as reasons why unsustainable debt may occur EXCEPT
A) when countries are dependent on one or two key export commodities, and there is a sudden drop in the price of those commodities. B) when natural disasters occur. C) when civil conflicts are resolved and a peace dividend occurs. D) when there are corrupt politicians and practices. E) when government officials try to buy votes with unsustainable spending.
Unions face a trade-off between higher wages and
A) fewer available positions. B) more available positions. C) equipment. D) none of the above.
Policies that affect aggregate expenditures are primarily relevant to the:
A. long-run growth framework. B. short-run business cycle framework. C. long-run business cycle framework. D. short-run growth framework.
A monopoly faced with the possibility that another firm may enter is a(n):
A. natural monopoly. B. competitive monopoly. C. insecure monopoly. D. oligopolistic monopoly.