Universal Shutdown Rule
The firm shuts down "only if its revenue is less than its avoidable costs."
Read more about this topic: Shutdown (economics)
Famous quotes containing the words universal and/or rule:
“They are universal places, like churches, hallowed meeting places of all mankind.”
—Iris Murdoch (b. 1919)
“Man who man would be,
Must rule the empire of himself; in it
Must be supreme, establishing his throne
On vanquished will, quelling the anarchy
Of hopes and fears, being himself alone.”
—Percy Bysshe Shelley (1792–1822)