Suppose That Carol Is the Owner of a Candle Factory

question 59

Multiple Choice

Suppose that Carol is the owner of a candle factory.What will happen if the price of the candles being sold drops below the shut-down price?

• A) Carol's total revenue will be equal to total fixed costs.
• B) Carol's total revenue will exceed total variable costs.
• C) Carol's total revenue will be less than total variable costs.
• D) Carol's total revenue will be maximized.

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