If a firm is operating at a loss in the short run and finds that its price is greater than average variable cost, then
A. it should produce where MR = MC.
B. it should produce zero output.
C. total revenue is greater than total costs.
D. total revenue is less than total variable costs.
Answer: A
Economics
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A) more; more B) more; less C) less; more D) less; less
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Full employment implies which of the following is reduced to zero?
a. cyclical unemployment only b. frictional unemployment only c. frictional and structural unemployment only d. frictional, structural, and cyclical unemployment
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