(a) Under what condition should a firm continue to produce in the short run if it incurs losses at t


Question: (a) Under what condition should a firm continue to produce in the short run if it incurs losses at the best level of output?

(b) Are the normal returns on investment included as part of costs or as part of profits in managerial economics? Why?

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Answer: The answer consists of 1 page
Deliverables: Word Document

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