Which of the following statements is correct? A) In the short run, if

Which of the following statements is correct?

A) In the short run, if a firm chooses to produce no output (i.e., shut down) its total costs of production will equal its total fixed costs.
B) If a firm decides to shut down, its short-run total costs will equal 0.
C) As a firm increases output in the short run, the change in total costs is equal to the change in total variable costs.
D) A firm minimizes its total costs of production when average variable cost is minimized.

ANSWER

C