Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
d. shut down if TR < VC is the correct answer.
According to the concept of the short run, some inputs will be constant while others will be variable within a specific time frame in the future. It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so. The term "short run" does not refer to a precise amount of time but rather to the business, sector, or economic component under investigation. In the short term, enterprises encounter both variable and fixed costs, which implies that output, wages, and prices do not have complete freedom to find a new equilibrium. This is a basic assumption underlying the concept of the short run and the long run.
To know more about short-run conditions, visit;
brainly.com/question/29554502
#SPJ4
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
