PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2012

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23.

A firm will shut down its operatic yn if its

A: Revenue is just equal to Iduiable cost and loss is equal to fixed costs
B: Earning covers variable costs as we as a part of fixed costs.
C: Average revenue falls 1De1ow average variable cost
D: Firms in the short run , never sh-ui down their operations

The answer is: C

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