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If a firm is losing money in the short run its price is?
between the shut-down point and the break-even point.
When should a company shut down in short run?
when price is less then average variable costs !
Difference between running a firm in a short run and in a long run?
The short run is a firm's technology and the size of its factory, store, or office are fixed. In the long run, a firm is able to adopt new technology and to increase or decrease the size of its physical plant.
Distinguish between the concept of the short run and long run period theory of the firm?
Explain which of the following would be considered the long-run and short-run and why.
In a business what is the shut down rule in the long run?
need to answer a question conserning shut down rule
If a firm is losing money in the short run its price is?
between the shut-down point and the break-even point.
When is it to the advantage of the business to shut down in the short run?
The advantage of shutting a business in the short run, is that it helps prevent a business from running into huge losses.
When should a company shut down in short run?
when price is less then average variable costs !
Difference between running a firm in a short run and in a long run?
The short run is a firm's technology and the size of its factory, store, or office are fixed. In the long run, a firm is able to adopt new technology and to increase or decrease the size of its physical plant.
What is the profit maximizing decision a perfectly competitive firm makes in the short run and explain why this firm can make profits in the short run but not in the long run?
A perfectly competitive firm maximizes profit in the short run by producing the quantity where marginal cost equals marginal revenue. In the short run, firms can make profits due to price fluctuations and temporary market conditions, but in the long run, new firms can easily enter the market, increasing competition and driving down prices to the point where economic profits are reduced to zero.
Distinguish between the concept of the short run and long run period theory of the firm?
Explain which of the following would be considered the long-run and short-run and why.
In a business what is the shut down rule in the long run?
need to answer a question conserning shut down rule
Is a firm's demand for labor curve is more elastic in the short run than in the long run?
No. It's more elastic in the long run than the short run.
Why is the short run supply curve positively sloped?
The short run supply curve is positively sloped because it has positive outputs.The profits are high and maximised.Short run decision for a firm is the quickiest and the most risky way to maximise profits in the short period of time.In the short run decision profits are usually reached which means that the firm didn't loose so the curve must be positively sloped as the firm is not in minus. hope I helped.....
When did alkatraz shut down?
It was shut down in 1963 mainly because it was simply too expensive to run compared to otherprisons
If a firm decides to produce no output in the short run its costs will be?
its fixed cost
A firm's marginal cost curve above the average variable cost curve is also?
A firm's short run supply curve
