menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 12
  4. Exam
    Exam 8: Costs and the Changes at Firms Over Time
  5. Question
    If Total Revenue Is Greater Than Variable Costs but Less
Solved

If Total Revenue Is Greater Than Variable Costs but Less

Question 122

Question 122

True/False

If total revenue is greater than variable costs but less than total costs, a firm should remain in operation because its revenue is sufficient to cover variable costs and some fixed costs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q117: When marginal cost is greater than average

Q118: Suppose one firm buys cattle to process

Q119: Are there economies of scale for a

Q120: Consider the relationship between the average test

Q121: The vertical distance between average total cost

Q123: Exhibit 8A-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8A-1

Q124: Exhibit 8-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-11

Q125: If a firm produces at an output

Q126: Explain what happens to the average total

Q127: When diminishing returns to labor begins,<br>A)average total

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines