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Author Question: In the short run, firms earning a profit will want to ________ their profits while firms suffering ... (Read 104 times)

ts19998

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Question 1

Firms that are "breaking even" are


◦ earning zero economic profits.
◦ earning less than a normal rate of return.
◦ shutting down in the short run.
◦ All of these are correct.

Question 2

In the short run, firms earning a profit will want to ________ their profits while firms suffering losses will want to ________ their losses.


◦ maximize; maximize
◦ maximize; minimize
◦ minimize; maximize
◦ minimize; minimize


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Marked as best answer by ts19998 on Apr 19, 2019

ntsoane kedibone

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ts19998

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Reply 2 on: Apr 19, 2019
Excellent


scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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