In the short run a firm should shut down if it cannot
A) make normal profits.
B) make economic profits.
C) cover its variable costs.
D) cover its fixed costs.
C
Economics
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The Fed's founders viewed the Fed as a means of maintaining the money supply during economic contractions and as a lender of last resort
a. True b. False Indicate whether the statement is true or false
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A firm is producing 100 units of output at a total cost of $400. The firm's average variable cost is $3 per unit. What is the firm's total fixed cost?
A. $100 B. $50 C. $300 D. $1
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