Which statement is false? a) When the firm shuts down, output is zero. b) When variable cost

Question:

Which statement is false?

a) When the firm shuts down, output is zero.

b) When variable cost is zero, output is zero.

c) When output is zero, total cost is zero.

d) None of the above.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

Question Posted: