The shutdown decision can be restated in terms of producer surplus by saying that a firm should produce in the short run as long as
A) revenue exceeds producer surplus.
B) producer surplus is positive.
C) producer surplus exceeds fixed cost.
D) producer surplus exceeds variable cost.
E) profit and producer surplus are equal.
B
Economics
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Exports are domestically produced goods and services
A) sold at home. B) sold to other countries. C) sold to the government. D) which are used to produce other goods and services.
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In which market type does the firm face the most inelastic demand curve?
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly
Economics