If a firm shuts down in the short run
A) it will lose its operating costs.
B) its losses will be equal to zero.
C) it will incur its fixed costs.
D) it will incur only its explicit costs.
C
You might also like to view...
How much of the U.S. federal budget is spent on foreign aid?
A. about 1 percent B. about 5 percent C. about 25 percent D. about 50 percent
What is a major opportunity cost of going to college on a full-time basis?
A. The cost of transportation to college instead of to a job B. The cost of living expenses (room and board) to attend college C. The foregone income that could be earned working full-time job D. The greater income that will be earned from having a college degree
If the Herfindahl-Hirschman Index of an industry is less than 1,000, then the Antitrust Division of the Justice Department
A. considers the industry unconcentrated. B. will challenge any merger that would increase the index by over 100 points. C. considers the industry already concentrated. D. will challenge any merger that raises the index by more than 50 points.
If the economy was initially in equilibrium at point 3 and a government deficit makes interest rates increase by 4 percentage points, then the crowding-out effect would be a reduction of:
Refer to the above graph.
A. $10 billion in investment
B. $20 billion in investment
C. $30 billion in investment
D. $6 billion in investment