If Carol's Crayon Factory's price exceeds its average total cost in the short run,then
A) it should shut down
B) it is earning a profit
C) profits are being maximized
D) it should increase output
E) it should decrease output
Correct Answer:
Verified
Q101: In the short run,if a firm's total
Q102: Profit is the payment for
A)land and labor
B)risk
Q103: If a firm is experiencing an economic
Q104: Which of the following does not apply
Q105: When a firm incurs losses in the
Q107: If a firm minimizes its losses by
Q108: If a firm shuts down in the
Q109: A firm is indifferent between staying in
Q110: The two important contributions of entrepreneurs are
A)innovation
Q111: Many gift shops along the ocean shut
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