Multiple Choice
Mars Inc.produces 100,000 boxes of Snickers bars which sell for $4 a box.If variable costs are $3 per box,and it has $150,000 fixed operating costs,in the short run,it should
A) shut down as fixed costs are not being covered.
B) keep producing as profits are $50,000.
C) keep producing as variable costs are being met.
D) keep producing as total costs are being recovered.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: In long-run equilibrium a perfectly competitive firm
Q48: A monopolist sells 100 units at $10
Q49: A firm that seeks to maximize its
Q50: Assume a perfectly competitive firm's short-run cost
Q51: What are the limitations in using break-even
Q52: The fact that a perfectly competitive firm
Q54: In perfect competition,if firms enter the market
Q55: You've been hired by an unprofitable firm
Q56: If a monopoly wants to maximize its
Q57: If a perfectly competitive firm incurs an