Solution-Consider this statement-in the short run

Consider this statement-in the short run

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Reference no: EM132288535

Consider this statement: In the short run, if I can cover my variable costs, I will continue to produce, ignoring my fixed costs. If I cannot cover my variable costs, I will shut down to minimize losses. Is this statement accurate? Why or why not?

Consider this statement: In the long run, if I can cover my variable costs, I will continue to produce. If I cannot cover my variable costs, I will shut down. Is this statement accurate? Why or why not?

Reference no: EM132288535

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Consider this statement-in the short run

Reference no: EM132288535

Reference no: EM132288535

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