The accountants hired by Davis Golf Course have determined total fixed cost to be $75,000,total variable cost to be $130,000,and total revenue to be $145,000.Because of this information,in the short run,Davis Golf Course should
A) decide to shut-down.
B) decide to exit the industry.
C) decide to stay open because shutting down would be more expensive.
D) decide to stay open because they are making an economic profit.
Correct Answer:
Verified
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