If a Firm Shuts Down in the Short Run,then

question 29

Multiple Choice

If a firm shuts down in the short run,then:

• A)total revenue and total cost will fall to zero.
• B)profit will equal zero.
• C)profit will equal negative fixed costs.
• D)profit will equal negative variable costs.

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Definitions:

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A foreign policy strategy used by the United States, particularly during the early 20th century, emphasizing the use of economic power and investment to further its interests abroad.

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The impact or effect that Japanese culture, technology, or policy has on other countries or areas of activity.

President Taft

William Howard Taft, the 27th President of the United States (1909-1913), known for his focus on constitutional law and his later service as Chief Justice of the Supreme Court.

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