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…

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 decidesA) 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.

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. Becauseof this information, Ohman…

 
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"