Economics · Production and Costs
A firm will shut down production in the short run rather than continue producing if:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Average Revenue (AR) is less than Average Total Cost (ATC)
- 2Total Revenue (TR) is less than Total Variable Cost (TVC)✓
- 3Marginal Revenue (MR) is less than Marginal Cost (MC)
- 4Price is less than Average Fixed Cost (AFC)
Correct answer
Total Revenue (TR) is less than Total Variable Cost (TVC)
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