107 733
Assignments Done
100%
Successfully Done
In April 2024
In April 2024
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming
Answer to Question #80850 in Economics for Anthea Willenburg
Question #80850
Please assist:
If a profit-maximising firm sells it's product for R300, but continues to produce even though it is making a loss, This suggests that
1. The marginal cost is less than the price
2. The average fixed cost is less than the price
3. The average variable cost is less than the price
4. The a average total cost is less than the price
If a profit-maximising firm sells it's product for R300, but continues to produce even though it is making a loss, This suggests that
1. The marginal cost is less than the price
2. The average fixed cost is less than the price
3. The average variable cost is less than the price
4. The a average total cost is less than the price
Expert's answer
4.The a average total cost is less than the price
Learn more about our help with Assignments: Economics
-
![Help me with my assignment!]()
Who Can Help Me with My Assignment
There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
-
![How to finish assignment]()
How to Finish Assignments When You Can’t
Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
-
![Math Exams Study]()
How to Effectively Study for a Math Test
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
#339914 on Dec 2023
#339914 on Dec 2023
Comments
Dear Anthea Willenburg, correct answer is 4.
AVC, combined with price , indicates whether or not a firm should shut down production in the short run. If price >than AVC, the firm is able to pay all VC and a portion of FC. Even though it might be incurring an economic loss, it will lose less by producing that by shutting down production.(https://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=average+variable+cost) Should the answer then not be 3. The average variable cost is less than the price
Leave a comment