If a firm cannot cover its variable costs, it will
A. operate in the short run and stay in business in the long run.
B. operate in the short run and go out of business in the long run.
C. shut down in the short run and stay in business in the long run.
D. shut down in the short run and go out of business in the long run.
D. shut down in the short run and go out of business in the long run.
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When there is a shortage of dollars in the foreign exchange market, the
A) U.S. exchange rate will appreciate. B) supply curve of dollars shifts rightward to restore the equilibrium. C) demand curve for dollars shifts leftward to restore the equilibrium. D) U.S. exchange rate will depreciate. E) supply curve of dollars shifts leftward to restore the equilibrium.
The majority of countries in the world have some type of fixed exchange rate system
Indicate whether the statement is true or false