Question

Condé Nast shuts down Portfolio Condé Nast Publications launched its monthly business magazine Portfolio less than two years ago. In late 2008, Condé Nast cut its payroll and advertising budgets by an average of 5 percent. Portfolio was hit with the biggest cuts. Recently, Condé Nast shut down Portfolio. Source: Wall Street Journal, April 28, 2009 Explain the effects of the payroll and advertising budget cuts on Condé Nast's loss in the short run. Why did Condé Nast shut down Portfolio? In the short run, payroll and advertising budget cuts decrease Condé Nast shut down Portfolio because O A. average total cost only OB. marginal cost, average variable cost, and average total cost O C. average variable cost, average fixed cost, and average total cost OD. average fixed cost only O E. average fixed cost and average total cost OOO O A. the quantity at which marginal cost equaled marginal revenue resulted in the production of too small a quantity to maximize profit O B. marginal cost was less than marginal revenue O C. the loss from Portfolio exceeded total variable cost D. the loss from Portfolio exceeded total fixed cost O E. marginal cost was greater than marginal revenue O

Answer 1

In the budget Shord nun, payroll sroll and and acte decrease Average advent line total cost one & Conde Nost shut down portfolio because the less from portfolio exceeded total naniable cont !