Question: 8. Which statement is false? (LO8) a) When the firm shuts down, output is zero. b) When variable cost is zero, output is zero. c)

8. Which statement is false? (LO8) a) When the firm shuts

8. Which statement is false? (LO8) 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. 9. Total cost is the sum of (LOI) a) marginal cost and fixed cost b) marginal cost and variable cost c) variable cost and fixed cost

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