which condition must be satisfied for a competitive firm to shut down in a short run total variable costs are greater than total revenue total revenue covers total variable costs total fixed costs are greater than total revenue total revenue is equal to price g

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Total variable costs are greater than total revenue satisfied for a competitive firm to shut down in a short run. Expenses that change to the volume of products a company generates are known as variable costs.

Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs. Costs that are directly related to a certain cost object are known as direct costs.

In the context of accounting, revenue refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are two other terms for commercial revenue. Interest, royalties, and other fees are sources of income for some businesses.

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