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Author Question: In the short run, if a firm shuts down its maximum loss equals the amount of its fixed cost. ... (Read 88 times)

kodithompson

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on: Jun 29, 2018
In the short run, if a firm shuts down its maximum loss equals the amount of its fixed cost.
 
  Indicate whether the statement is true or false

Question 2

In the modern U.S. economy, the typical unemployed person stays unemployed for
 
  A) an amount of time that is hard to quantify.
  B) a long time during expansions and a short time during recessions.
  C) a relatively long time, over a year.
  D) a relatively short time, less than six months.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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aruss1303

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


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