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stars_and_moon stars_and_moon
wrote...
Posts: 3218
7 years ago
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.
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kingbykingby
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Posts: 3218
7 years ago
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wrote...
7 years ago
Incredible!
wrote...
7 years ago
I was slightly debating this one, thanks for the feedback
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