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) total revenue was greater than the variable cost of production.
D) profit was zero.
E) total cost plus total revenue was less than profit.
Correct Answer:
Verified
Q86: For a perfectly competitive firm operating at
Q87: Assume a perfectly competitive firm incurs a
Q88: At its present rate of output,Barrel O'
Q89: Exhibit 8.7 Q90: A perfectly competitive firm sells 200 units Q92: Exhibit 8.7 Q93: In the short run,a firm will produce Q94: Suppose a price-taking firm produces 400 units Q95: Exhibit 8.7 Q96: If price is less than minimum average 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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