Answer:
A perfectly competitive firm will minimize its losses by shutting down when: P < TFC at the profit-maximizing level of output. P < MC at the profit-maximizing level of output.
Explanation:
A firm will choose to implement a production shutdown when the revenue received from the sale of the goods or services produced cannot cover the variable costs of production. In this situation, a firm will lose more money when it produces goods than if it does not produce goods at all. Producing a lower output would only add to the financial losses, so a complete shutdown is required. If a firm decreased production it would still acquire variable costs not covered by revenue as well as fixed costs (costs inevitably incurred). By stopping production the firm only loses the fixed costs.
Honesty and working hard.
Answer:
The correct answer is letter "A": long run.
Explanation:
A company sets its sustainability and strategic plans in the long run. The long-term is a long-lasting period of time, typically with a length of more than one (1) year, that firms use to set due dates of when their achievements must be fulfilled. The long-run scope is also useful ate the moment of calculating major debts such as loans with financial institutions for the acquisitions of plants, machinery or any other highly-valuable asset of the organization.
Answer:
The correct answer is the interviewee. You can use the term candidate as well.
Explanation:
The purpose of conducting an interview is to identify a potential candidate for the job. During the process, many aspects of an individual's personality and technical proficiency is evaluated.
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