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Kryger [21]
3 years ago
6

When total revenues fall below total costs, production should end. However, if marginal revenue exceeds variable cost, productio

n should continue in the short run to help defray fixed costs.
a. True
b. False
Business
1 answer:
const2013 [10]3 years ago
8 0

Answer:

False

Explanation:

A firm should end production and shut down only when its total revenue falls below variable costs, because at this point, production will bring about more losses, compared to if the company isn't producing at all.

<u>If total revenue exceeds and can cover its variable cost, a firm should remain in operation in the short run</u> (even if it is incurring losses), as this contributes to paying off the firm's fixed costs.

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Answer:

Future value at the end of 19 years =$63,637.94

Explanation:

<em>The Future value (FV) of an investment is the total amount (principal plus interest) that will accumulate in the future where interest is paid and compounded at a particular rate per period for a certain number of periods.</em>

This can be done using the formula below

FV = PV × (1+r)^(n)

FV- Future Value

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The amount due after 19 years would be determined in two steps

Step 1: FV of 24,500 at 5.5% for 8 years

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FV = ?  P=37,599.81,  n- 11, r- 4.9%

FV = 37,599.81 × (1.049)^11= 63,637.94

Future value at the end of 19 years =$63,637.94

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