Author Question: If TR> TVCbut TR (Read 41 times)

ETearle

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on: Apr 19, 2019

Question 1

If 
TR < 
TC, a firm would ________ in the short run and ________ in the long run.


◦ either operate or shut down; contract
◦ operate; contract
◦ shut down; expand
◦ shut down; contract

Question 2

If 
TR > 
TVC but 
TR < 
TC, a firm would ________ in the short run and ________ in the long run.


◦ operate; expand
◦ operate; exit the industry
◦ shut down; expand
◦ shut down; exit the industry


lgoldst9

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Reply #1 on: Apr 19, 2019

Answer 1

either operate or shut down; contract

Answer 2

operate; exit the industry



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ETearle

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Reply #2 on: Apr 19, 2019
Thanks



lgoldst9

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Reply #3 on: Apr 19, 2019
Welcome :)



 

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