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jwalker824 jwalker824
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9 months ago

If, for a perfectly competitive firm, price is greater than average variable cost, then it follows that



▸

total revenue is greater than total cost.



▸

total revenue is greater than total variable cost.



▸

the firm will lose more or earn less by shutting down in the short run than by continuing to produce.



▸

b and c



▸

There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
Author:
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brendasantsbrendasants
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9 months ago
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jwalker824 Author
wrote...

9 months ago
Correct Slight Smile TY
dedricgard
wrote...

Yesterday
Smart ... Thanks!
ediblefruitz
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2 hours ago
Thank you, thank you, thank you!
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