Microeconomics 9th Edition by Stephen Slavin

تمرين 26

Al and George's used car lot has total revenue of $5 million, fixed costs of $8 million, and variable costs of $4 million. In the short run the firm will ________, and in the long run it will ________.
A) shut down, go out of business
B) shut down, stay in business
C) operate, stay in business
D) operate, go out of business