If a firm's current revenues are less than its current variable costs, it should shut down
a. if marginal cost rises above marginal revenue.
b. immediately.
c. if price falls below its current fixed costs.
d. if expected revenues are less than expected costs.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If a firm's current revenues are less than its current variable costs, it should shut down a. if marginal cost rises above marginal ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
PeopleMag sells a plot of land for $100,000 to Seven Star Company, its 100 percent owned subsidiary, on January 1, 20X7. The cost of the land was $75,000, when it was purchased in 20X6. In 20X9, Seven Star sells the land to Hot Properties Inc.
Answers (1)
Which of the following are all strategies for improving productivity in services? A. high interaction, mass customization, service factory, and just-in-time B. lean production, strategy-driven investments, automation, and process focus C.
Answers (1)
What type of event would cause two separate journal entries to be made? a. selling the goods b. closing overapplied overhead to cost of goods sold c. transferring the goods to finished goods d.
Answers (1)
If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of the plastic will be categorized as what type of expense?
Answers (1)
About 10 years ago you founded an energy company that operates as a privately-held corporation with only limited stock ownership. You are considering selling stock to the public for the first time through an initial public offering.
Answers (1)
New Questions in Business
Lee has not been showing up to work on time. which work ethic is he lacking
Answers (1)
Peterson Company estimates that overhead costs for the next year will be $3,400,000 for indirect labor and $850,000 for factory utilities. The company uses machine hours as its overhead allocation base.
Answers (1)
If you are in sydney, australia, and plan to attend a web conference being held at 10:00am us pacific daylight time (pdt) on 29 may 2012, at what local time do you need to log in?
Answers (1)
Lake Charles Seafood makes 550 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant managers have decided to operate three 8-hour shifts per day instead.
Answers (1)
In 2017, in a speech in China, Apple CEO Tim Cook stated that globalization is "great for the world ... I think the reality is you can see that countries in the world ... that isolate themselves, it's not good for their people.
Answers (1)