If a firm shuts down in the short run and produces no output, its ...

[Pea0909berry]

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]

Answer to Question 1

C

Answer to Question 2

E