Should a firm shut down (and why) if its revenue is $2,000 per week and a. Its variable cost is $1,000, and its fixed cost is $1,200 b. Its variable cost is $2,001, and its fixed cost = $1,000? c. Its variable cost is $1,000

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Should a firm shut down (and why) if its revenue is $2,000 per week and a. Its variable cost is $1,000, and its fixed cost is $1,200 b. Its variable cost is $2,001, and its fixed cost = $1,000? c. Its variable cost is $1,000

Should a firm shut down (and why) if its revenue is $2,000 per week and

a. Its variable cost is $1,000, and its fixed cost is $1,200

b. Its variable cost is $2,001, and its fixed cost = $1,000?

c. Its variable cost is $1,000,

microeconomics

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Answer 1

Answer #1

The firm will shut down if it's revenue is $1200 per week and it's variable cost is $2001 and it's fixed cost is$1000 because the revenue is less than voidable cost $2000 < $2001

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Answer 2

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Should a firm shut down (and why) if its revenue is $2,000 per week and a. Its variable cost is $1,000, and its fixed cost is $1,200 b. Its variable cost is $2,001, and its fixed cost = $1,000? c. Its variable cost is $1,000

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Add Answer to: Should a firm shut down (and why) if its revenue is $2,000 per week and a. Its variable cost is $1,000, and its fixed cost is $1,200 b. Its variable cost is $2,001, and its fixed cost = $1,000? c. Its variable cost is $1,000

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Should a firm shut down (and why) if its revenue is $2,000 per week and a. Its variable cost is $1,000, and its fixed cost is $1,200 b. Its variable cost is $2,001, and its fixed cost = $1,000? c. Its variable cost is $1,000