In the Short Run, Which of the Following Is FALSE

question 267

Multiple Choice

In the short run, which of the following is FALSE about the shutdown point?

• A) Total revenue is equal to total fixed cost.
• B) Total revenue is equal to total variable cost.
• C) Product price is equal to the minimum average variable cost.
• D) Price multiplied by quantity must be equal to minimum average variable cost multiplied by quantity.

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Paramount Goal

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