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Author Question: Burkes Inc should stop production in the short run if the market price of its product is less than ... (Read 45 times)

danielfitts88

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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


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tandmlomax84

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Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

True


danielfitts88

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  • Posts: 535
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

apple

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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