Multiple Choice
If a firm shuts down in the short run it will
A) break even.
B) declare bankruptcy.
C) suffer a loss equal to its variable costs.
D) suffer a loss equal to its fixed costs.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: If, for a perfectly competitive firm, price
Q37: For a given quantity, the total profit
Q38: What is productive efficiency?<br>A)a situation in which
Q39: Firms that are price takers<br>A)must lower their
Q40: Table 12-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 12-1
Q42: How are sunk costs and fixed costs
Q43: In the short run, a firm that
Q44: Firms in perfect competition are price takers
Q45: If a firm's fixed cost exceeds its
Q46: A teenaged babysitter is similar to a