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 : Wise and efficient use of grocery in

I have a problem in economics on Wise and efficient use of grocery in Consumer Surplus. Please help me in the following question. The consumer surplus is most probable to be raised by: (i) Wise and proficient use of grocery store coupons. (ii) Rises in the production

Q : Powerful negative externalities in

Potentially powerful negative externalities are mainly overwhelmingly a decisive argument against permitting laissez faire policies and supplies to govern the production and market demands and distribution of: (1) avian flu antivirus shots. (2) public

Q : Long run supply Illustrate and explain

Illustrate and explain using diagrams, the difference between long run supply in a constant cost individual firm and industry and an increasing cost firm and industry.

Q : Help!! Why does a marginal benefit

Why does a marginal benefit curve slope downwards?

Q : Demand curve for peanuts Question: a)

Question: a) Johnny consumes peanuts (x1) and a composite good (x2). His utility function is U = x1x2. His marginal utilities are MU1 = x<

Q : Long run equilibrium price When

When Christmas tree farming is a decreasing cost industry and this firm is typical, in that case an increase in the market demand for Christmas trees will give in a long run equilibrium price: (1) greater than P1. (2) less

Q : Nonexistent market supply and power

HoloIMAGine has patented a holographic technology which creates 3-D photography obtainable to consumers. There is a market supply curve for HoloIMAGine technology: (w) nonexistent since price-maker firms simultaneously set prices as well as quantities

Q : Vigorous competition by firms in an

Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous com

Q : Unit of Account function of money Unit

Unit of Account function of money: The Unit of Account function of money is also termed as the measure of value function. Money as a unit of account signifies a standard unit for quoting the prices. This makes money a powerful medium of comparing the

Q : Determine income in Loren curve When

When one family held ALL the income it would be shown upon the Lorenz curve as: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'.

Discover Q & A

Leading Solution Library

Avail More Than 1432419 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1931098
Asked

3,689

Active Tutors

1432419

Questions
Answered

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

Submit Assignment