Condition of shut down of firm in long run

I have a problem in economics on Condition of shut down of firm in long run. Please help me in the following question. Any of the firm will shut down in long run if its: (i) Economic gain doesn’t surpass zero. (ii) Future revenues are not predictable to cover all future costs of production. (iii) Implicit costs surpass all explicit costs. (iv) Owners are faced with limitless liability for any potential debts of firm. (v) Original owners die or stop working.

What is the right answer?

View Complete Question

Related Questions in Microeconomics

Q : Utility function notes on separable

notes on separable utility function in microeconomics

Q : Effect of reducing prices on

Can someone help me in finding out the accurate answer from the given options. People tend to recognize more ways to employ a good if the: (1) The prices of substitute goods drop. (2) Good is poorer and their incomes increase. (3) Complements of good become more costl

Q : Effected income of a small changes The

The income effect of a small change in wage rate in demonstrated figure of Glynn dominates the substitution effect at: (1) point a. (2) point b. (3) point c. (4) point d. (5) every point specified in the figure.

Q : Pricing for profit-car parking The

The owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.

Q : Distribution of Income before taxes and

Income is distributed before taxes and transfers in the United States such as, in 2003 year, the lowest quintile [20%] earned around: (w) 4% of all income and the highest quintile earned over half of all income. (x) 5% as much as the highest quintile.

Q : Buying on margin What does “ buying on

What does “buying on margin” means?

Q : Accountability process by Handel

Elucidate what the following statement by handel means and give an argument to either support or oppose the contention. Things might be exist independently of our accounts, however they have no human existence until the

Q : Formula for the marginal utility I have

I have a problem in economics on Formula for the marginal utility. Please help me in the following question. The formula for marginal utility of good X is as: (1) MU = change in U/ change in X. (2) MU = U/X. (3) MU = U1 U2. (4) MU = change in X/change in U.

Q : Define autonomous investment Autonomous

Autonomous investment: Investment that is made up without depending on the gain of the enterprise.

Q : Setting a price in profit-maximizing

This profit-maximizing firm as in demonstrated figure will set a price where: (1) P > MC = MR. (2) MR > MC = P. (3) MR = P > MC. (4) MR = P > MC. (5) P < MC < MR.

Discover Q & A

Leading Solution Library

Avail More Than 1436998 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1924706
Asked

3,689

Active Tutors

1436998

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment