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2 years ago

7

Competitive firms that earn a loss in the short run should

1 answer:

dedylja [7]2 years ago

8 0

Competitive business firms that earn a loss in the short-run should shutdown if price (P) is lesser than average variable cost (AVC).

<h3>What is an average variable cost?</h3>

An average variable cost (AVC) can be defined as the cost of production per unit item incurred by a business firm and divided by total output of production. Thus, it's calculated by dividing total variable cost (TVC) by total output of production.

As a general rule in Economics, competitive business firms that earn a loss in the short-run are advised to shutdown their production when price (P) is lesser than average variable cost (AVC).

Read more on average variable cost here: brainly.com/question/17010492

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Answer:

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Step-by-step explanation:

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4 0

3 years ago

Please answer correctly !!!!!!! Will mark Brianliest !!!!!!!!!!!

icang [17]

Answer:

$x=-2\\x=2$

(You only need to give one solution)

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3 years ago

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3 years ago

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