Assume a firm closes down in the short run and produces no output. Under these conditions:
A. TVC is positive, but TFC and TC are zero.
B. TFC and TC are positive, but TVC is zero.
C. TFC, TVC, and TC will all be positive.
D. TFC is positive, but TVC and TC are zero.
Answer: B
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Indicate whether the statement is true or false
The productivity of the employees of a bakery is reduced because of the excessive noise coming from a next door car repair shop. This is an example of
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