A firm should shut down in the short run if it s revenue is smaller than its variable costs.
Answer the following statement true (T) or false (F)
True
Economics
You might also like to view...
Which of the following is TRUE regarding the real wage rate? The real wage rate
I. is always greater than the money wage. II. measures the quantity of goods and services an hour's work can buy. A) only I B) only II C) both I and II D) neither I nor II
Economics
Why is knowledge considered a type of capital?
What will be an ideal response?
Economics
Explain what the Five Forces Model is useful for and identify each of them
What will be an ideal response?
Economics
According to the growth version of the quantiy theory of money, the growth rate of the money supply equals the inflation rate plus the growth rate of real output
a. True b. False Indicate whether the statement is true or false
Economics