If a firm shuts down, it a. will earn enough revenue to cover its variable costs but not all of its fixed costs. b. will produce nothing but must pay its fixed and variable costs. c. will suffer a loss equal to its fixed costs. d. will produce nothing but must pay its variable costs.

The answer is: C) will suffer a loss equal to its fixed costs.

Explanation:

If a company shuts down its production temporarily (not permanently), it will stop receiving revenue from the goods it used to produce but at the same time will not be spending any money on variable costs. The company will suffer losses equivalent to its fixed costs (e.g. depreciation costs, rent, etc.).

A company decides to shut down its production when the revenue it receives from selling its products doesn't even cover their variable costs. That means it is losing money by producing its goods.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

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