Multiple Choice
If a firm shuts down in the short run, then its:
A) total revenue and total cost will fall to zero.
B) profit will equal zero.
C) economic loss will equal its fixed costs.
D) economic loss will equal its variable costs.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: If a perfectly competitive firm produces an
Q2: A rational seller will sell another unit
Q3: Refer to the accompanying table. As the
Q4: Refer to the accompanying graph. If this
Q5: An increase in consumers' demand for espresso
Q7: Suppose a firm uses workers and office
Q8: Suppose Chris is a potter who
Q9: Jenny sells lemonade in front of her
Q10: For a given seller, the accompanying figure
Q11: The price equals marginal cost rule for