Explain why a firm should shut down immediately when it can no longer cover their variable.For a monopoly, the marginal revenue declines as they sell more. Why?
Indicate if the following questions are True or False. Explain “Why” your answer is True or False. 1. Firms exist to produce and sell as much as possible. Why? 2. Employing economic cost/profit instead of accounting cost/profit when making business decisions tends to generate more efficient or superior economic results. Why? 3. For a monopoly, […]