​A Firm Sells 1000 Units Per Week

Multiple Choice

​A firm sells 1000 units per week.It charges $70 per unit,the average variable costs are $25,and the average costs are $65.In the long run,the firm should

A) ​Shut down since price is greater than average cost
B) Continue operating price is higher than average cost,its making a profit
C) Continue operating as the firm is covering all the variable costs and some of the fixed costs
D) ​Shut-down because it is cost effective to pay off the remaining fixed costs