Multiple Choice
Scenario: The fixed cost of producing 500 units of Good Y is $25,000, while the variable cost of producing 500 units of Good Y is $60,000.
-Refer to the scenario above.A firm producing Good Y will continue production in the short run if total revenue exceeds ________.
A) $25,000
B) $60,000
C) $85,000
D) $35,000
Correct Answer:
Verified
Correct Answer:
Verified
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