This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm can minimize its losses by shutting down when ________ are less than ________ costs. (Read 119 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Apr 19, 2019

Question 1

If a firm shuts down in the short run, then


◦ its economic profits are zero.
◦ its losses are equal to its fixed costs.
◦ its fixed costs are greater than its variable costs.
◦ it must be the case that its revenues from operating were less than its total costs.

Question 2

A firm can minimize its losses by shutting down when ________ are less than ________ costs.


◦ variable costs; fixed
◦ fixed costs; variable
◦ revenues; variable
◦ operating profits; sunk
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by LaDunn on Apr 19, 2019

BAOCHAU2803

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


LaDunn

  • Member
  • Posts: 526
Reply 2 on: Apr 19, 2019
:D TYSM

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The FDA recognizes 118 routes of administration.

Economic Costs of CVD Economic Costs of CVD
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Tuition Costs Tuition Costs
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library