Author Question: Burkes Inc should stop production in the short run if the market price of its product is less than ... (Read 14 times)

danielfitts88 · **on:** Jun 30, 2018

Burkes Inc should stop production in the short run if the market price of its product is less than its average total cost of production.
Indicate whether the statement is true or false

Question 2

A firm's economic profit includes all opportunity costs incurred by the firm.
a. True
b. False
Indicate whether the statement is true or false