This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the shut-down rule for any firm?[br][br][b][color=#7BCCB5]Question ... (Read 53 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jun 30, 2018
What is the shut-down rule for any firm?

Question 2

Along an indifference curve for goods X and Y, the vertical and horizontal axes measure the:
 a. prices of X and Y.
  b. total utilities of X and Y.
  c. quantities of X and Y.
  d. marginal utilities of X and Y.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaillie

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

Any firm should shut down if losses are greater than total fixed costs (or when price is less than average variable cost; or when total revenue is less than total variable cost) in order to minimize losses in the short run.

Answer to Question 2

c


nmorano1

  • Member
  • Posts: 598
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Eye Color Is a Sex-Linked Trait in Drosophila (Part 2) Eye Color Is a Sex-Linked Trait in Drosophila (Part 2)
Color Coding in the Retina Color Coding in the Retina
Dewey and the reformers attacked classes, such as this one, circa 1900, where students sat up straig Dewey and the reformers attacked classes, such as this one, circa 1900, where students sat up straig
How to integrate trigonometric functions containing both tangent and secant (Question 1) How to integrate trigonometric functions containing both tangent and secant (Question 1)
economic question economic question
12 question help need please some questions see photos attached 12 question help need please some questions see photos attached
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library