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jeka94
3 years ago
6

(a) Argue whether or not a firm should continue production if its MR is lower than its AVC. (b) Support your argument with expla

nations.
Business
1 answer:
Delvig [45]3 years ago
4 0

Answer: A firm should not continue production when its MR is lower than its AVC.

Explanation:

The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.

A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.

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Why is it important to review your personal information for accuracy when you receive an invoice?
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supply chain management: group of answer choices is based on the concept of just-in-time focuses on removing scheduling bottlene
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<h3>Describe the meaning of supply chain management?</h3>

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1 year ago
2. Sally Medavoy will invest $8,000 a year for 3 years in a fund that will earn 10% annual interest. If the first payment into t
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Answer: $10,746

Explanation:

Using Compound interest formula

A= p(1+r/n) *nt

A= final amount =?

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r = interest rate = 0.1

n= nob of times interest applied(3)

t=nob of times period elapsed (3)

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A = 8000 × 1.34327

A= $10,746

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3 years ago
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