If ________, a firm would operate in the short run and expand in the long run.
A) TR TC
B) TC TR
C) ATC AVC
D) AVC AFC

Name: If ________, a firm would operate in the short run and expand in the long run. A) TR > TC B) TC > TR C) ATC > AVC D) AVC > AFC
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Question

If ________, a firm would operate in the short run and expand in the long run.
A) TR > TC
B) TC > TR
C) ATC > AVC
D) AVC > AFC

Quizplus · Accepted Answer

If Total Revenue (TR) is greater than Total Cost (TC), a firm is making a profit, which would justify continuing operations in the short run and considering expansion in the long run.

If ________, a Firm Would Operate in the Short Run