35. In which case does thecompany need to stop productionto minimize losses?1. If TR >TC2. If VC 32. If the company does notproduce products, its fixed costsare...1. Equal to gross12. Equal to zero3. Fewer variables4. Equal to variables33. The market of perfectcompetition is characterized by ...1. The presence of a single buyer2. Production of a differentiatedproduct3. The production of ahomogeneous product4. Presence of entrance barriers34. Generally Accepted means ofpayment that is accepted inexchange for goods and services,as well as for the payment of debts- is...1. Bank-bills2. Deposits3. Money4. Certificates

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Economics

35. In which case does the company need to stop production to minimize losses? 1. If TR >TC 2. If VC

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

35. In which case does the
company need to stop production
to minimize losses?
1. If TR >TC
2. If VC<TR<TC
3. If TR<VC
4. If TR<TC
36. The Main governing body of a
joint-stock company is...
1. The Board of Directors
2. General meeting of shareholders
3. Manager
4. General Director
37. What kind of unemployment
leads to the replacement of manual
labor by machine labor?
1. Hidden unemployment
2. Structural unemployment
3. Cyclical unemployment
4. Technological unemployment

32. If the company does not
produce products, its fixed costs
are...
1. Equal to gross
12. Equal to zero
3. Fewer variables
4. Equal to variables
33. The market of perfect
competition is characterized by ...
1. The presence of a single buyer
2. Production of a differentiated
product
3. The production of a
homogeneous product
4. Presence of entrance barriers
34. Generally Accepted means of
payment that is accepted in
exchange for goods and services,
as well as for the payment of debts
- is...
1. Bank-bills
2. Deposits
3. Money
4. Certificates

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