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In short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is

    a. greater than average total cost.    b. less than average total cost.    c. greater than average variable cost.    d. less than average variable cost.

General Business Administration Business Development Management
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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2015/06/07
Upvote (3) Views (27) Followers (6) Answers (5) Report Question
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Sashikanta Mohapatra
by Sashikanta Mohapatra , Manager - Business Development/Sales Process Deployment , Vodafone Spacetel Limited

Option d..The4th option is the right one.

Deleted user

b. less than average total cost

 

and please put into consideration the time mentioned ' short run ' not long run as if it is long run or any other time option so it shall be d. less than average variable cost.

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

I Will Go With Option " D " ....

khaled elkholy
by khaled elkholy , HR MANAGER , misk for import & export

Agree with Mr bind. .....,,,,,,,,,,,,,

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

  d. less than average variable cost.

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