If a manufacturer shuts down in the short run, it must be true that before the shutdown, at all positive output levels,
A) average total cost was less than average variable cost
B) fixed cost was greater than total revenue
C) variable cost was greater than total revenue
D) profit was zero
E) total cost plus total revenue was less than profit
Correct Answer:
Verified
Q117: In the short run, if a firm
Q118: Which of the following is not a
Q119: Exhibit 8-10 Q120: In the short run, if a firm Q121: If a perfectly competitive firm is incurring Q123: Suppose a firm finds it is better Q124: Exhibit 8-13 Q125: For a perfectly competitive firm operating at Q126: If the loss-minimizing output for a perfectly Q127: Exhibit 8-14 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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