Would it ever be worthwhile for a firm to try to continue in production if it could
Question:
Would it ever be worthwhile for a firm to try to continue in production if it could not cover its long-run average (total) costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Only if it expected to be able to make a profit in ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Essential Economics For Business
ISBN: 9781292728940
7th Edition
Authors: John Sloman, Elizabeth Jones
Question Posted:
Students also viewed these Business questions
-
Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
You have this information r*=2.5%, inflation premium =3%, default risk premium=3.5%, liquidity premium =2% and maturity risk premium =1.5%.What is the treasury bill rate?
-
In August, Bunge Corporation, a grain dealer, and Recker, a farmer, entered into a written contract under which Recker agreed to sell to Bunge Corporation ten thousand bushels of No. 2 yellow...
-
Solve the differential equation given below for \(p(x)=x^{2}\). du dr +p(x)=0, 0x1 u(0)=0 u(1)=0] Boundary conditions.
-
3. ETHICS Texaco, Inc., and other oil companies sold mineral spirits in bulk to distributors, which then resold to retailers. Mineral spirits are used for cleaning and are harmful or fatal if...
-
As of January 1, 2012, the trial balance for Haven Hospital was as follows: During the fiscal year ended December 31, 2012, the following transactions occurred: 1. Patient service revenue amounted to...
-
Explain how investors can use the Securities and Exchange Commission's (SEC) database at EDGAR | Search Tools (Links to an external site.) to research a company's operations and financial...
-
The price of tablet computers and digital cameras fell significantly in the years after they were first introduced and at the same time demand for them increased substantially. Use cost and revenue...
-
A firm will continue producing in the short run even if it is making a loss, providing it can cover its variable costs. Explain why. Just how long will it be willing to continue making such a loss?
-
Use estimation to select the best response in Problems 5-10. Do not calculate. Which of the following is more probable? A. Rolling a die 3 times and obtaining a six 2 times B. Rolling a die 3 times...
-
What are the implications for salespeople of the adoption of supply chain integration by larger manufacturers?
-
How would you advise Microcom in developing a strategy to implement relationship marketing and selling?
-
You have been engaged by the management of Alden, Inc. to review its internal control over the purchase, receipt, storage, and issue of raw materials. You have prepared the following comments to...
-
Listed hereafter are eight responsibilities that might be performed by individuals in an accounting department. Assume that five people are employed for the purpose of handling these eight...
-
Discuss the nature of direct marketing
-
You have a 1993 Nissan that is expected to run for another three years, but you are considering buying a new Hyundai before the Nissan wears out. You will donate the Nissan to Goodwill when you buy...
-
Following is the current balance sheet for a local partnership of doctors: The following questions represent independent situations: a. E is going to invest enough money in this partnership to...
-
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: a. Within the dorm...
-
Some economists argue that private firms will not undertake the efficient amount of basic scientific research. a. Explain why this might be so. In your answer, classify basic research in one of the...
-
Some economists argue that private firms will not undertake the efficient amount of basic scientific research. a. Explain why this might be so. In your answer, classify basic research in one of the...
-
Last year, a Pacific Island nation imported over $3.2 billion of goods and reported a trade surplus. This would suggest that the nation had OA. money spent by tourists and the value of its exports...
-
Why did the accusations of witchcraft in Salem suddenly snowball in 1692? O a. All of the accused were children, and Puritans were determined to force their young to accept their religious traditions...
-
Table 1 shows the data of pressure, P, as a function of temperature, T, for the experiment of determining the absolute zero temperature. According to Charles's law for an ideal gas, at constant...
Study smarter with the SolutionInn App