Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



Tags
#economics
Question
By shutting down in a [...] run a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22]
Answer
short

Tags
#economics
Question
By shutting down in a [...] run a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22]
Answer
?

Tags
#economics
Question
By shutting down in a [...] run a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22]
Answer
short
If you want to change selection, open original toplevel document below and click on "Move attachment"

Parent (intermediate) annotation

Open it
By shutting down in a short run a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22]

Original toplevel document

Perfect competition - Wikipedia
[19] Restated, the rule is that for a firm to continue producing in the short run it must earn sufficient revenue to cover its variable costs.[20] The rationale for the rule is straightforward: <span>By shutting down a firm avoids all variable costs.[21] However, the firm must still pay fixed costs.[22] Because fixed costs must be paid regardless of whether a firm operates they should not be considered in deciding whether to produce or shut down. Thus in determining whether to shut dow

Summary

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Details

No repetitions


Discussion

Do you want to join discussion? Click here to log in or create user.