A firm should always shutdown if its revenue is less than its sunk costs fixed costs...
Should a firm shut down if its weekly revenue is ?$1,000 its variable cost is ?$600 and its fixed cost is ?$1,500 of which ?$250 is avoidable if it shuts? down? ? Why? The firm should A. produceproduce because revenue of ?$1,000 is greatergreater than avoidable costs. B. produceproduce because revenue of $1,000 is greatergreater than variable costs. C. shut downshut down because revenue of ?$1,000 is less than fixed costs. D.produce because revenue is positive. E.shut downshut down because...
A firm should shut down only if is less than O revenue; avoidable cost marginal revenue; marginal cost O revenue; zero O marginal revenue; unavoidable cost
Afirm's monthly revenue is $15,000, its variable cost is $10,000, and its fixed cost $5,000, of which $2,000 is avoidable if it shuts down. The firm should shut down because its revenue is less than its avoidable cost. O not shut down because its revenue is greater than its avoidable cost. not shut down because its revenue is greater than its unavoidable cost. O shut down because its revenue is less than its unavoidable cost.
Afirm's monthly revenue is $20,000, its variable cost is $15,000, and its fixed cost $8,000, of which $6,000 is avoidable if it shuts down. The firm should shut down because its revenue is less than its unavoidable cost. not shut down because its revenue is greater than its unavoidable cost. O shut down because its revenue is less than its avoidable cost. o not shut down because its revenue is greater than its avoidable cost.
For questions 4-6: A firm has weekly revenue of $1000. The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is The firm's variable cost is $900 and its fixed cost, which is all sunk, is $500. The firm will shut down. 2 The firm's variable cost is $500 and its fixed cost is $800. The firm shuts down if the percentage of fixed costs that is avoidable is greater than
A firm has weekly revenue of $1000. a) The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is what? b) The firm's variable cost is $500 and its fixed cost is $800. The firm shuts down if the percentage of fixed costs that is avoidable is greater than 20%, 40%, 60%, or 80%?
For questions 4-6: A firm has weekly revenue of $1000. The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is 2 40 500 HD] 70 2 “ ។ ៩ ៥ ៩៥ ៩ ៩ ន ដ ន ម ១ The firm's variable cost is $900 and its fixed cost, which is all sunk, is $500. FTRUE The firm will shut down. ALSE 2 The firm's variable cost is $500 and its faed...
Suppose that a firm in a perfectly competitive market has sunk fixed cost and avoidable fixed cost. If the market price is above the minimum point on the short-run average variable cost curve, the firm will necessarily produce a positive quantity. True or False?
If a firm shuts down, it O will stop earning revenues and avoid sunk, fixed, and variable costs. will stop earning revenues but continues to pay variable costs. will continue earning revenues and avoid sunk costs and variable costs. will stop earning revenues but continues to pay fixed costs.
A small firm has monthly revenue of $15,000, variable costs of $12,000, and fixed costs of $5,000. The firm's profit is and it shut down. O-$2,000; should O -$3,000; should O $2,000; should not O $3.000, should not