1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hjlf
3 years ago
13

When determining whether to shut down in the short run, a competitive firm should ignore (i) fixed costs. (ii) variable costs. (

iii) sunk costs. A. (ii) only B. (i) and (iii) only C. (iii) only D. (i), (ii), and (iii)
Business
1 answer:
weeeeeb [17]3 years ago
8 0

Answer:

B) (i) and (iii) only

  • (i) fixed costs.
  • (iii) sunk costs.

Explanation:

When a competitive firm must decide whether it shuts down or not in the short run, it must only focus on the variable costs and the marginal revenue. As long as the marginal revenue ≥ variable cost, then the firm should continue to operate in the short run, at least until the market stabilizes.

You might be interested in
A business practice associated with globalization involves business moving manufacturing and service centers to countries where
Law Incorporation [45]
Im so sure but I can help you later just give me a few minutes
3 0
2 years ago
When faced with a conflict, police officers should?
mihalych1998 [28]
<span>Policy officers should try to de-escalate the situation to avoid violence whenever possible. Therefore, officers should avoid aggressive approaches or intimidation and should instead be non-confrontations. Physical force should be reserved as an absolute last resort.</span>
4 0
3 years ago
Read 2 more answers
Which of the following falls in the category, "place" in the marketing mix?
inna [77]

Answer: trade shows

Explanation:

In marketing mix, the place is simply referred to as the process of movement if goods and services from the producer to the prospective consumers or consumers.

The place also refers to how ones good or service is bought and the place where it is being sold. The movement could be through intermediaries like distributors, the wholesalers, retailers etc.

In the above, the place will be the trade shows.

7 0
3 years ago
Reggie, a resident of South Dakota, has an accident with Toby, a resident of Utah, while driving through that state. Toby files
Tanya [424]

Answer: in personam jurisdiction

Explanation: The “long-arm statute,” is a law in majority of states that explains when a court can have in personam jurisdiction over parties who do not reside in that state. Certain conditions must be met for the court to have this jurisdiction. In general, the cause of action should have occurred in the state where the case is being filed; the defendant was personally served with the court papers in the state; or the defendant has a minimum contact with the state.

In personam jurisdiction is defined as a court's jurisdiction over the parties in a lawsuit, that is, it has both the authority to rule on the law and evidences of a suit and the power to enforce its decision upon all parties to the suit.

7 0
3 years ago
if you choose between two summer jobs, what is the one you do not choose called? b. opportunity cost c. decision at the margin d
aleksandr82 [10.1K]
Opportunity cost because it was an option but not the right choice
8 0
3 years ago
Other questions:
  • 4.
    10·1 answer
  • Parenthetical citations are _____.
    6·1 answer
  • What is the largest agency of the u.s. dot?
    12·1 answer
  • Sment
    7·1 answer
  • Chaia makes slate table tops for a living. She is guaranteed a base pay of $300 per week, and also earns $75 per completed table
    11·1 answer
  • Which pricing strategy is characterized by the setting of a low introductory price to help drive consumer awareness and create a
    9·1 answer
  • Cheryl wants to have $2,000 in
    13·1 answer
  • Help with an opening message
    10·1 answer
  • Which of the following account records would have the most current
    13·1 answer
  • what are three challenges associated with retail order takers? (check all that apply.) multiple select question. high labor cost
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!