To an economist, shutting down makes sense if at the quantity where MC - MR, the price is less than ATC. makes sense If at the quantity where MC=MR, the price is less than AVC. makes sense if at the quantity where MC - MR, the firm loses money. never makes sense.

To an economist, shutting down makes sense if at the quantity where MC - MR, the price is less than ATC. makes sense If at the quantity where MC=MR, the price is less than AVC. makes sense if at the quantity where MC - MR, the firm loses money. never makes sense.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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To an economist, shutting down
makes sense if at the quantity where MC - MR, the price is less than ATC.
B makes sense If at the quantity where MC=MR, the price is less than AVC.
makes sense If at the quantity where MC = MR, the firm loses money.
never makes sense.

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