If Harry's Blueberries,a perfectly competitive firm,shuts down in the short run,Harry must pay _____
A) the variable cost but not the fixed cost of production.
B) the marginal cost but not the variable cost of production.
C) both the variable cost and the fixed cost of production.
D) only the variable cost of production.
E) only the fixed cost of production.
Correct Answer:
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Q57: A perfectly competitive firm that earns an
Q58: Table 8.4 Q59: Which of the following is true of Q60: Table 8.5 Q61: If a firm shuts down in the Q63: If a perfectly competitive firm is incurring Q64: For a perfectly competitive firm,_ Q65: The Hound Dog Bus Company contemplates expanding Q66: Exhibit 8.6 Q67: Exhibit 8.4 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
A)price equals marginal
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