A firm should shut down in the short run if the price is less than the:
a.marginal cost.
b.average variable cost.
c.average fixed cost.
d.average total cost.
Answer: B
A firm should shut down in the short run if the price is less than the:
a.marginal cost.
b.average variable cost.
c.average fixed cost.
d.average total cost.
Answer: B