Refer to Table 14-6. What price will Sturdy Homes charge and what ...

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Refer to Table 14-6. What price will Sturdy Homes charge and what profit does Sturdy Homes expect to make?
 
  A) Price = 12,000; expected profit = 3 million B) Price = 8,000; expected profit = 7 million
  C) Price = 8,000; expected profit = 4 million D) Price = 10,000; expected profit = 5 million

Question 2

If a firm's fixed cost exceeds its total revenue, the firm should stop production by shutting down temporarily.
 
  Indicate whether the statement is true or false

[robbielu01]

Answer to Question 1

D

Answer to Question 2

FALSE