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Social Science Clinic => Economics => Topic started by: biggirl4568 on Apr 19, 2019

Title: If revenues are greater than total variable costs of production but less than total costs, a firm
Post by: biggirl4568 on Apr 19, 2019

Question 1

If total revenue exceeds the total cost of production, a firm

◦ earns a profit.
◦ suffers a loss.
◦ breaks even.
◦ shuts down.

Question 2

If revenues are greater than total variable costs of production but less than total costs, a firm

◦ earns a profit.
◦ suffers a loss.
◦ breaks even.
◦ shuts down.

Title: If revenues are greater than total variable costs of production but less than total costs, a firm
Post by: ttt030911 on Apr 19, 2019

Answer 1

earns a profit.

Answer 2

suffers a loss.

Title: If revenues are greater than total variable costs of production but less than total costs, a firm
Post by: biggirl4568 on Apr 19, 2019

TY

Title: If revenues are greater than total variable costs of production but less than total costs, a firm
Post by: ttt030911 on Apr 19, 2019

You're welcome