A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at this output it would make a loss. Under what circumstances should it shut down?
Statementbis correct. IfARis less thanAVC, then each unit of output has a revenue below its variable cost. In turn, total revenue is less than total variable cost, so the firm's loss would equal the gap between its total revenue and its total variable cost plus its total fixed cost. If the firm instead shut down and produced nothing, it would have a zero total revenue, and it would buy no variable inputs and so have a zero total variable cost. So its loss would only equal its total fixed cost.
Which of the following is the progeny of breeder seed and is responsible for producing certified seed?
Diploid chromosome number of safflower is
Which class of seed is exempted from certification?
Which of the following shows epigeal germination
Isolation distance for foundation seed of tomato is
What is the validity period of the seed certificate after tagging?
Seed cotton means
Minimum isolation distance for the production of foundation seed of rice is
Svalbard Global Seed Vault is the world’s largest seed storage facility situated in
Element required for seed formation is