« previous next »

Author Question: In the short run, if a firm's price is greater than its AVC but less than its ATC, the firm should: ... (Read 77 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
In the short run, if a firm's price is greater than its AVC but less than its ATC, the firm should:
 a. shut down immediately because it is generating an economic loss.
  b. shut down temporarily because it is generating an economic loss.
  c. continue operating because it is generating an economic profit.
  d. continue operating even though it is generating an economic loss.

Question 2

For an economy, the greater the value of the Gini co-efficient, _____.
 a. the greater will be the GDP.
  b. the greater will be the income inequality
  c. the greater will be the revenue of the government from direct taxes
  d. the greater will be the equality in the distribution of income and wealth
  e. the lesser will be the expenditure on the part of the government


Tonny

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
The amount of genetic variation within populations is far greater than the variation between populat The amount of genetic variation within populations is far greater than the variation between populat
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Random alignment at Metaphase I Animation

For a complete list of videos, visit our video library