In the long run,a company will stay in business as long as price is:
A) Greater than or equal to marginal costs.
B) Equal to variable costs.
C) Equal to marginal physical product.
D) Greater than or equal to average total costs.
Correct Answer:
Verified
Q46: If price is greater than marginal cost
Q47: Which of the following must be considered
Q48: If an additional unit of labor costs
Q49: Rising marginal costs result from:
A) Rising marginal
Q50: The selection of the short-run rate of
Q52: The decision to build,buy,or lease a plant
Q53: If price is greater than marginal cost
Q54: In the short run,a manufacturer should produce
Q55: Marginal cost will increase with greater output
Q56: Marginal cost is equal to:
A) Total cost
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