A firm will shut down in the short run if:
A) it is suffering an economic loss
B) average total costs exceed average total revenues
C) marginal revenue is zero
D) variable costs exceed revenues
Correct Answer:
Verified
Q1: According to the law of diminishing marginal
Q2: Marginal cost is:
A) the increase in total
Q4: Diminishing marginal returns relates to the:
A) rate
Q5: If a profit- maximising firm is producing
Q6: If a firm is experiencing diseconomies of
Q7: Which of the following is most likely
Q8: In the long run, a firm will
Q9: If a firm's demand curve is negatively
Q10: Once the profit- maximising level of output
Q11: A firm may be unable to maximise
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