Question:

EASY 10 Pts - Economics?

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A firm suffering economic losses in the short run decides whether or not to produce on the basis of

whether revenues from operating are sufficient to cover variable costs

whether future profits will allow it to recover fixed costs

whether revenues from operating are sufficient to cover fixed costs

whether revenues from operating are sufficient to cover fixed plus variable costs

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2 ANSWERS


  1. whether revenues from operating are sufficient to cover fixed plus variable costs


  2. variable costs only see short run and sunk costs?

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