The "Shut-down Rule" - When should a firm shut down in the face of economic losses?
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- Опубликовано: 22 фев 2012
- This lesson illustrates two situations in which a firm in a perfectly competitive market is earning economic losses. In one case, the losses are less than the firm's total fixed costs. In another, the firm's losses exceed its fixed costs, meaning the firm is better off shutting down.
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This was so incredibly helpful. I'm taking my Econ class online and seeing this in a moving picture with lecture works a lot better than me solely reading the book and looking at graphs. =) Thank you!
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What if the marginal revenue curve passes through the intersection between AVC and ATC curve? does the firm shut down or remain in business?
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when will a firm earn a profit or incur a loss in competitive market? please answer me as soon as possible
thanks
Why firm suffer loss because of high cost production can some one explain this to me
nice sir
one step at a timee
In short run, if price < AVC then shut down.
In long run if price < ATC then shut down.
Am I right?
Yes👍
maaan i wish there were more pretend numbers
I earn 2 million profit but 0$ economic profit each year. I am leaving the market. Am I (a) a socialist (b) kicked in head by mule (c) follower of Keynesian economics (d) run a government owned company (e) all of the above
Thank you