Solved

According to the Shutdown Rule,a Firm Should Produce No Output

Question 31

Multiple Choice

According to the shutdown rule,a firm should produce no output in the short run if


A) price is below minimum average total cost.
B) price is above minimum average total cost.
C) total revenues are lower than total fixed costs.
D) price is below minimum average variable costs.

Correct Answer:

verifed

Verified

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

Related Questions