A firm will shut down in the short run if
A. total fixed costs are too high.
B. total revenue from operating would not cover all costs.
C. total revenue from operating would not cover variable costs.
D. total revenue from operating would not cover fixed costs.
Answer:C
A firm will shut down in the short run if
A. total fixed costs are too high. B. total revenue from operating would not cover all costs. C. total revenue from operating would not cover variable costs. D. total revenue from operating would not cover fixed costs.