The perfectly competitive firm’s short-run shutdown rule is to shut down immediately if
A. TR < TC.
B. TR < SRFC.
C. TR < SRVC.
D. TR < MC > Q.
Answer: C
You might also like to view...
Which of the following would increase the consumption component of U.S. GDP?
A. A business purchases Disney World vacations as rewards for the firm's best salespeople. B. Disney World purchases tires for the monorail from a firm in Ohio. C. A French man purchases a vacation at a Disney theme park in France. D. You purchase a vacation at Disney World in Florida.
Regulation of the financial system
A) occurs only in the United States. B) protects the jobs of employees of financial institutions. C) protects the wealth of owners of financial institutions. D) ensures the stability of the financial system.
Monetary policy will have a large income effect provided the
A) IS curve is flat. B) LM curve is steep. C) IS curve is steep. D) LM curve is flat.
A decrease in U.S. real interest rates causes the dollar to _________________, which tends to __________________ U.S. Real GDP
A) appreciate; raise B) appreciate; lower C) depreciate; raise D) depreciate; lower