By shutting down, a firm
A) stops receiving revenue but continues to pay variable costs.
B) stops receiving revenue and is stuck with its fixed costs.
C) avoids its sunk costs as well as its variable costs.
D) can avoid paying taxes on its previously earned profits.
B
Economics
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As of December 2008, housing accounted for about ________ of the typical consumer's spending
a. 32 percent. b. 30 percent. c. 43 percent. d. 65 percent. e. 70 percent.
Economics
Policies which promote education are central to all of the following except:
A. increasing the capabilities of a society. B. economic development. C. federal reserve bank's interest rate policy. D. economic growth.
Economics