In the short run, when should a firm continue with production according to the shut down rule.

Question

Accepted Answer

average revenue (AR) is equal to, or greater than, average variable cost (AVC).

Answer

marginal revenue (MR) is greater than marginal cost (MC).

Answer

average revenue (AR) is greater than average cost (AC).

Answer

average revenue (AR) is less than average cost (AC), and average cost (AC) is less than average variable cost (AVC).

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