Solution for problem 4 Chapter Module 59
A firm should continue to produce in the short run as long as price is at least equal to
Krugman's Economics for AP* | 2nd Edition
A firm should continue to produce in the short run as long as price is at least equal to a. MR. b. MC. c. minimum ATC. d. minimum AVC. e. AFC.
Week Three Of Management Notes: ONLY ONE DAY OF CLASS THIS WEEK EXAM IS ON WEDNESDAY- FRIDAY th Notes for Monday Febuary 8 : 52) Objective Hierarchy: Plans are at the top, then are dropped down throughout pyramid of employment 53) Functional Planning: Types of tactics Operational: Financial, Marketing and Production Tactical: Facilities and Human resources Strategy: is the leadership side of deciding what to do 54) Difference between Policy and Procedure: Policy: Broad guidelines Procedures: Specific actions implemented by the company 55) Planning tools: THE BIG 6 ** ON EXAM** 1. Forecasting- Uses stats and data to predict future staff 2. Contingency-Identify circumstances of their actions 3. Scenario- Considering future scenar