The firm will shut down in the short run if
A) the price falls below its minimum AVC.
B) the market price rises unexpectedly.
C) P = MC.
D) P = ATC at its minimum.
A
You might also like to view...
Prior to the 1930s, the majority of dollars spent by government was spent at the state and local levels
Indicate whether the statement is true or false
In a deposit-refund system,
a. the refund component compensatesthe consumer for proper waste disposal or recycling activities b. the deposit component should be set equal to the MSC of illegal waste production c. the costs of monitoring and enforcement are higher than if a pollution charge were used d. actual polluters are not penalized for decisions that pose a risk to the environment
Product % Change in Income % Change in Quantity Demanded W -1 -1 X +6 +3 Y -1 +1 Z +4 +8 Refer to the above table. Which product is a normal good but least responsive to a change in income?
A. Product W B. Product Z C. Product Y D. Product X
Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, ________ should specialize in truck sales, and ________ should specialize in car sales.
A. Larry; Ralph B. Larry; Joe C. Joe; Ralph D. Ralph; Larry