which of the choices best explains why this price will cause the firm to shut down instead of continuing to operate at a loss? total revenue > total variable costs total variable costs > total fixed costs total revenue < total variable costs total variable costs < total fixed costs total revenue < total fixed costs total revenue > total fixed costs

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18-11-2022
Business

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which of the choices best explains why this price will cause the firm to shut down instead of continuing to operate at a loss? total revenue > total variable costs total variable costs > total fixed costs total revenue < total variable costs total variable costs < total fixed costs total revenue < total fixed costs total revenue > total fixed costs

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ogorwyne ogorwyne · Answer 1 · 2022-11-25T11:11:38+01:00

Option C. The choices best explains why this price will cause the firm to shut down instead of continuing to operate at a loss is when total revenue < total variable costs.

What is meant by total revenue?

Total revenue is the overall sum of money received by a business through the sale of its products and services. Based on demand and price, it measures how successfully a company is generating revenue from its main operations.

It is determined by multiplying the amount of things sold by their price to determine a business's overall revenue. For instance, the total income would be 100 * $50, or $5,000, if Company A produced 100 widgets and sold them for $50 each.

Read more on total revenue here: https://brainly.com/question/28362822

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