Burkes Inc should stop production in the short run if the market ...

[danielfitts88]

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

[tandmlomax84]

Answer to Question 1

F

Answer to Question 2

True

[danielfitts88]

Thanks for the timely response, appreciate it

[ttt030911]

Great answer, keep it coming