Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
stars_and_moon stars_and_moon
wrote...
Go to Answer
Posts: 3218
Rep: 11 0
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.
Read 190 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
#1
Top Poster
Posts: 3218
Rep: 26 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wrote...
#2
7 years ago
Incredible!
wrote...
#3
7 years ago
I was slightly debating this one, thanks for the feedback
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1161 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 244
  
 191
  
 493
Your Opinion
Where do you get your textbooks?
Votes: 372
Previous poll results: How often do you eat-out per week?