Solved

The Shutdown Condition for a Price Taker Is Where

Question 110

Multiple Choice

The shutdown condition for a price taker is where


A) total revenue is less than the total cost of both the fixed and the variable factors of production.
B) total revenue is less than the cost of the variable factors of production.
C) total revenue is less than the cost of the fixed factors of production.
D) profit is negative.
E) profit is zero.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents