Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.
Sagot :
The company will continue to function in the short run, manufacturing the quantity where MR=MC reduce its losses if price goes down below average total cost but continues above average variable cost.
According to the concept of the short run, some inputs would be constant while others will be variable within a particular period of time in the future. It expresses the belief that an economy reacts to certain stimuli differently based on the amount of period it has to do so. The term "short run" doesn't really relate to a precise amount of time but instead to the business, industry, or economic component under study.
The company will continue to function in the short run, manufacturing the volume where marginal revenue equals marginal cost in order to reduce its losses if price goes down below average total cost but remains above average variable cost. If the price goes down below the average variable cost, the business will temporarily shut down operations, bringing down production to zero.
Learn more about short run here:
https://brainly.com/question/28084790
#SPJ4
We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
