Question
A profit-maximizing firm will shut down when: a.total revenues are less than the total cost of fixed and variable factors of production. b.total revenues are
A profit-maximizing firm will shut down when:
a.total revenues are less than the total cost of fixed and variable factors of production.
b.total revenues are less than the cost of variable factors of production.
c.total revenues are less than the cost of fixed factors of production.
d.profits are zero.
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Consumer Behaviour
Authors: Evans, Martin Evans
2nd Edition
0470994657, 9780470994658
