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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 53
Which statement is true?
A) A firm will operate in the short run when total revenue exceeds fixed costs.
B) A firm will operate in the short run when total revenue exceeds variable costs.
C) A firm will shut down when total cost exceeds total revenue.
D) None of these statements is true.
A) A firm will operate in the short run when total revenue exceeds fixed costs.
B) A firm will operate in the short run when total revenue exceeds variable costs.
C) A firm will shut down when total cost exceeds total revenue.
D) None of these statements is true.
Explanation
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Microeconomics 9th Edition by Stephen Slavin
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