Title: Costs of Production and the Shutdown Decision -- Audio
Course: Andria Testing FRE2 > Section: Costs of Production and the Shutdown Decision -- Economic Lowdown Audio Series

“There’s no such thing as a free lunch.” Maybe you’ve heard that before. Or you’ve even said it. If so, you probably know it means that everything has a cost. Businesses are especially aware of costs because costs affect profits, and without profits, a business might not survive. This episode of The Economic Lowdown series describes how businesses consider costs when making decisions – including about whether to shut down.

Listen to the audio below and then click "next" to take the quiz.