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Title: A company has the following costs and revenue: fixed costs = $500, variable costs = $700, and total Post by: stars_and_moon on Jul 20, 2016 A company has the following costs and revenue: fixed costs = $500, variable costs = $700, and total revenue = $600. Which of the following statements is true?
A) The company should stay open in the short run since total revenue is greater than fixed costs. B) The company should shut down in the short run since fixed costs are less than variable costs. C) The company should shut down in the short run since total revenue is less than variable costs. D) The company should stay open in the short run since fixed costs are less than variable costs. Title: Re: A company has the following costs and revenue: fixed costs = $500, variable costs = $700, and ... Post by: kingby on Aug 8, 2016 Content hidden
Title: Re: A company has the following costs and revenue: fixed costs = $500, variable costs = $700, and total Post by: stars_and_moon on Aug 17, 2016 Incredible!
Title: Re: A company has the following costs and revenue: fixed costs = $500, variable costs = $700, and total Post by: kingby on Aug 18, 2016 I was slightly debating this one, thanks for the feedback
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