If a firm shuts down in the short run it will
A) break even. B) suffer a loss equal to its fixed costs.
C) declare bankruptcy. D) suffer a loss equal to its variable costs.
B
Economics
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Economists should consider ________ when evaluating options
A) only explicit costs and benefits B) only implicit costs and benefits C) both explicit and implicit costs and benefits D) neither explicit nor implicit costs and benefits
Economics
The First Theorem of Welfare Economics states that:
a. only Walrasian equilibria can be Pareto optimal. b. all Walrasian equilibria are Pareto optimal. c. a Walrasian equilibrium price vector can always be found. d. some Walrasian equilibria may be unfair.
Economics