-Based on the Table Above Which Shows Chip's Costs, If

question 304

Multiple Choice

-Based on the table above which shows Chip's costs, if rice sells for $600 a ton, Chip

• A) makes an economic profit and should stay open in the short run.
• B) makes an economic profit, but should shut down in the short run.
• C) incurs an economic loss, but should stay open in the short run.
• D) incurs an economic loss and should shut down in the short run.

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