Which Statement Is True

question 348

Multiple Choice

Which statement is true?

• A)A firm will operate in the short run if total revenue is greater than variable costs.
• B)A firm will shut down if variable costs are greater than total revenue.
• C)A firm is operating at peak efficiency if its average total cost is held to a minimum.
• D)All of the statements are true.

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Definitions:

Vera Wang

An American fashion designer known for her innovative bridal gown collections and her influence on the wedding dress industry.

Neiman Marcus

Neiman Marcus is a prestigious American department store chain known for its high-end luxury goods.

Fashion Editor

A professional who oversees the creation, development, and presentation of content related to fashion in magazines, websites, and other media outlets.

Transitional Expressions

Words or phrases used to connect ideas, sentences, or paragraphs, helping to create a smooth flow in writing.