Which of the following is correct?
A. In the short run, if a firm chooses to produce no output (i.e. shut down) its total costs of production will equal its total fixed costs.
B. If a firm decides to shut down, its short-run total costs will equal 0
C. As a firm increases output in the short run, the change in total costs is equal to the change in total variable costs.
D. A firm minimizes its total costs of production when average variable cost is minimized. Reset Selection
Answer: C. As a firm increases output in the short run, the change in total costs is equal to the change in total variable costs.
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Which of the following statements is true?
A) The lower the price of a bond, relative to its face value, the lower the interest rate. B) The lower the price of a bond, relative to its maturity, the lower the interest rate. C) The higher the price of a bond, relative to its face value, the higher the interest rate. D) The lower the price of a bond, relative to its face value, the higher the interest rate.
For which of the following variables should a "two tail" t-test be applied?
A) PA B) I C) PB D) Should be applied for all.