Solved

For All Positive Levels of Output,when Will a Firm Shut

Question 41

Multiple Choice

For all positive levels of output,when will a firm shut down in the short run


A) when its loss exceeds its average costs
B) when its total revenue is less than its average variable costs
C) when the price of its product is less than its average variable cost
D) when it cannot cover its sunk costs

Correct Answer:

verifed

Verified

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

Related Questions

Q36: What costs do firms that shut down

Q37: When buyers and sellers in a competitive

Q38: At the profit-maximizing level of output,which equation

Q39: Table 14-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Table 14-2

Q40: Figure 14-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 14-5

Q42: When a firm in a competitive market

Q43: As a general rule,when accountants calculate profit

Q44: What will entry into a market by

Q45: Scenario 14-1<br>Assume a certain firm is producing

Q46: In a market with 1000 identical firms,what