19. (Points: 2) A firm is deciding whether to produce or shut down in the shortr

Question

19.

(Points: 2) A firm is deciding whether to produce or shut down in the shortrun. Its total costs are $15,000 of which $5,000 are the totalfixed costs of production. The firm should produce in the short runas long as its total revenues are at least

a. $0
b. $15,000.
c. $10,000.
d. $5,000.

19.

(Points: 2) A firm is deciding whether to produce or shut down in the shortrun. Its total costs are $15,000 of which $5,000 are the totalfixed costs of production. The firm should produce in the short runas long as its total revenues are at least

a. $0
b. $15,000.
c. $10,000.
d. $5,000.

Explanation / Answer

c. $10,000.

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