in the the longrun, a firm must shut down if its average revenue is?
ECONOMICS
WAEC 2018
in the the longrun, a firm must shut down if its average revenue is?
- A. greater than average cost
- B. less than average variable cost
- C. equal to the minimum average cost
- D. equal to the average cost
Correct Answer: B. less than average variable cost
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *