The accountants hired by ohman shoe company have calculated, Ask an Expert

Economics

The accountants hired by Ohman Shoe Company have calculated fixed costs to equal $30,000, variable cost to equal $100,000, and total revenue to equal $110,000. Because of this information, Ohman Shoe Company decides

A. to exit the industry.

B. to shut down.

C. decides to stay open because shutting down would be more expensive.

D. decides to stay open because they are making an economic profit.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91559686

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