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Author Question: A firm can minimize its losses by shutting down when ________ are less than ________ costs. (Read 68 times)

LaDunn

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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
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Marked as best answer by LaDunn on Apr 19, 2019

BAOCHAU2803

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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.
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LaDunn

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

AmberC1996

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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