If Variable Cost Is $15 Million,fixed Cost Is $14 Million,and

question 4

Multiple Choice

If variable cost is $15 million,fixed cost is $14 million,and total revenues are $13 million,in the short run the firm will _____ and in the long run the firm will ____.

• A)shut down;go out of business
• B)shut down;stay in business
• C)operate;go out of business
• D)operate;stay in business

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Definitions:

Irritable

A frequent mood characterized by easy annoyance and often resulting in impatient or snappy responses.

Thomas and Chess

Psychologists known for their research in child temperament, particularly in identifying three basic temperaments in infants and how these influence developmental outcomes.

Temperament Types

Categories that describe inherent personality traits and behavioral styles, often identified as part of psychological assessments.

Easy

Something that can be done without difficulty or effort.