2. A firm should shut down in theshort run if it is not covering itsА.Variable costВ. О Fixed costC. O Total costD. O Explicit cost (money outlays)

To find : When should firm shut down.

Answered: A firm should shut down in the short…

Business

Economics

A firm should shut down in the short run if it is not covering its

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 41P: Compute the average total cost, average variable cost, and marginal cost of producing 50 and 72...

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2. A firm should shut down in the
short run if it is not covering its
А.
Variable cost
В. О Fixed cost
C. O Total cost
D. O Explicit cost (money outlays)

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