Part I - Multiple Choice (4 pts total) 1. Nib Chocolet Company produces 100,000 chocolet bars which sell for 4 ETB a bar. If variable costs are 3ETB per bar, and it has 150,000ETB fixed operating costs, in the short run, it should A. shut down as fixed costs are not being covered. B. keep producing as profits are $50,000. C. keep producing as variable costs are being met. D. keep producing as total costs are being recovered. E. All