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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
Sue teaches golf lessons.  Her total costs are $500 and her fixed costs are $200.  She is selling 10 lessons at a price of $40, which is the quantity where MR = MC.  What should Sue do in the short run?
A) Shut down since her total revenue is less than her variable cost.
B) Stay open in the short run even though she has negative profit because her total revenue is greater than her variable costs.
C) Stay open in the short run even though she has negative profit because her total revenue is greater than her fixed costs.
D) Shut down since she has negative profit.
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kingbykingby
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7 years ago
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#2
7 years ago
I figured, great answer
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#3
7 years ago
Yup, vote with confidence!
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