If total variable cost exceeds total revenue at all output levels, a perfectly competitive firm
A) has covered its fixed cost. B) should produce in the short run.
C) should shut down in the short run. D) is making short-run profits.
C
Economics
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Which of the following will shift the investment demand curve rightward?
a. Higher interest rates b. Gloomy sales expectations c. A cut in corporate taxes that raises after-tax profits d. A decrease in the marginal propensity to consume e. An increase in aggregate income
Economics
The concept of surplus can:
A. show the benefits of introducing new markets. B. show who benefits from a tax. C. show who loses from minimum wage. D. show any of these.
Economics