Ted's Pancake Kitchen Suffers a Short-Run Loss

Multiple Choice

Ted's Pancake Kitchen suffers a short-run loss.When should Ted decide to shut down rather than continue to produce?

A) If his Kitchen's revenue is less than its variable costs.
B) If his Kitchen's revenue is less than its fixed costs.
C) If his Kitchen's revenue is less than its explicit costs.
D) If his Kitchen's revenue is less than its total costs.