A firm is deciding whether or not to close down its plant, Ask an Expert

Economics

A firm is deciding whether or not to close down its plant and modernize by installing new technology. Which of the following should management ignore when making the decision?

a.How much the present plant cost
b.Cost of lost sales while the plant is closed
c.Added cost of the labor needed for the new plant
d.all of the above

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M970473

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