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Author Question: In the short-run for a purely competitive market, a manufacturer will stop production when: a. the ... (Read 155 times)

stock

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on: Jul 1, 2018
In the short-run for a purely competitive market, a manufacturer will stop production when:
 a. the total revenue is less than total costs
  b. the contribution to fixed costs is zero or less
  c. the price is greater than AVC
  d. operating at a loss
  e. a and b

Question 2

A shoe producing firm decides to acquire a firm that produces shoe laces. This implies that
 a. The firm's aggregate demand will be less elastic than the individual demand
  b. The firm's aggregate demand will be more elastic than the individual demand
  c. The firm's aggregate demand will be of the same elasticity as the individual demand
  d. None of the above


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sarahccccc

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


stock

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Reply #2 on: Jul 1, 2018
Thank you :)


sarahccccc

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Reply #3 on: Jul 1, 2018
Happy to help you


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