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Author Question: Comment on the following statement: In the short run, a firm's total costs will be zero if the firm ... (Read 166 times)

EY67

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on: Jun 29, 2018
Comment on the following statement: In the short run, a firm's total costs will be zero if the firm chooses to produce nothing.
 
  What will be an ideal response?

Question 2

The marginal social cost is the cost of producing an additional unit of a good or service that falls on people other than the producer of the good or service.
 
  Indicate whether the statement is true or false


taylorsonier

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

The statement is likely to be false. If a firm has any fixed costs at all, the firm's total costs will not be equal to zero even if it produces zero output.

Answer to Question 2

FALSE


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EY67

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Reply #2 on: Jun 29, 2018
Thank you :)


taylorsonier

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Reply #3 on: Jun 29, 2018
Happy to help you


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