Al and Georges used car lot has total revenue of $5 mil lion, fixed costs of $8

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Al and George’s used car lot has total revenue of $5 mil lion, fixed costs of $8 million, and variable costs of $4 million. In the short run the firm will , and in the long run it will ______.

a) shut down, go out of business

b) shut down, stay in business

c) operate, stay in business

d) operate, go out of business

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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Al and Georges used car lot has total revenue of $5 mil lion, fixed costs of $8

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Microeconomics

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