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Iteru [2.4K]
2 years ago
13

In order to continue operating, in the long-run a firm must a. ​Charge a price equal to its AVC b. ​Charge a price equal to its

AFC c. ​Charge a price equal to its AC d. ​None of the above
Business
1 answer:
Marina CMI [18]2 years ago
7 0

Answer:

The answer is option A)

In order to continue operating, in the long-run a firm must A) ​Charge a price equal to its AVC

Explanation:

In order to continue operating, in the long-run a firm must charge a price equal to its Average Variable cost AVC.

This is because, a long run is a period of time in which all factors of production and costs are variable.

Over the long run, a firm will search for the production technology that allows it to produce the desired level of output at the lowest cost. If a company is not producing at its lowest cost possible, it may lose market share to competitors that are able to produce and sell at minimum cost.

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Answer:

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Explanation:

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During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 fo
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Answer:

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Explanation:

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3 years ago
First National Bank of America has more than 75% of its assets in first residential fixed-rate mortgages that mature in more tha
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Answer:

2. Interest income will drop by less than $3 million for a sudden 1% drop in market interest rates

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