65 642
Assignments Done
99,2%
Successfully Done
In October 2018

Answer to Question #33753 in Microeconomics for John

Question #33753
Might a firm produce a positive output if the price exactly equals the minimum average variable cost? Explain.
Expert's answer
If the price exactly equals the minimum average variable cost, it is the minimal possible point for firm to produse its output to bear losses in the short run. But in the long run it will have to shout down.&

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions