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Author Question: If a firm shuts down in the short run and produces no output, its total cost will be a. zero b. ... (Read 30 times)

Pea0909berry

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  • Posts: 573
on: Jun 30, 2018
If a firm shuts down in the short run and produces no output, its total cost will be
 a. zero
  b. equal to total variable cost
  c. equal to total fixed cost
  d. equal to explicit costs only
  e. impossible to calculate

Question 2

When marginal product is decreasing, marginal cost is
 a. less than zero
  b. equal to zero
  c. constant
  d. decreasing
  e. increasing


dpost18

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  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

E


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