In the Short Run,when Output Is Zero,total Costs Are Zero

question 1

True/False

In the short run,when output is zero,total costs are zero.

---

Definitions:

Entrepreneurship

The activity of setting up a business, taking on financial risks in the hope of profit.

Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit.

Entrepreneurship

The process of designing, launching, and running a new business or enterprise, particularly one that is characterized by innovation and risk.

Physical Facilities

The buildings, spaces, and related equipment owned or leased by an organization to support its operations.