-Figure 8-13 shows a firm's total variable cost and total revenue curves.In the short run,this firm
A)should shut down
B)should produce all units of output for which marginal cost exceeds marginal revenue
C)should produce at the output level where the marginal cost curve crosses the marginal revenue curve from below
D)should produce at the output level where the marginal cost curve crosses the marginal revenue curve from above
E)needs additional information in order to decide whether to operate

Question

-Figure 8-13 shows a firm's total variable cost and total revenue curves.In the short run,this firm
A)should shut down 
B)should produce all units of output for which marginal cost exceeds marginal revenue 
C)should produce at the output level where the marginal cost curve crosses the marginal revenue curve from below 
D)should produce at the output level where the marginal cost curve crosses the marginal revenue curve from above 
E)needs additional information in order to decide whether to operate

Quizplus · Accepted Answer

The Answer of 
-Figure 8-13 shows a firm's total variable cost and total revenue curves.In the short run,this firm
A)should shut down 
B)should produce all units of output for which marginal cost exceeds marginal revenue 
C)should produce at the output level where the marginal cost curve crosses the marginal revenue curve from below 
D)should produce at the output level where the marginal cost curve crosses the marginal revenue curve from above 
E)needs additional information in order to decide whether to operate

-Figure 8-13 Shows a Firm's Total Variable Cost and Total