#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Under imperfect competition, breakeven quantity of production is the quantity for which TR = TC.
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotationOpen itUnder imperfect competition (firm faces downward sloping demand):
Breakeven quantity of production is the quantity for which TR = TC. The firm should shut down in the long run if TR < TC. The firm should shut down in the short and long run if TR < TVC.
Original toplevel document (pdf)
- (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p88
|status||not read|| ||reprioritisations|
|last reprioritisation on|| ||suggested re-reading day|
|started reading on|| ||finished reading on|