ABC Company Will Choose to Shut Down Rather Than Operate

question 111

Multiple Choice

ABC company will choose to shut down rather than operate as long as

• A) it earns the same amount as its expenses.
• B) average fixed cost is less than average variable cost.
• C) total revenue is less than or equal to fixed cost.
• D) total revenue is less than or equal to variable cost.

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Definitions:

Fortress Town

A type of town designed and built with defensive structures such as walls, ramparts, and moats, to protect its inhabitants from enemy attacks.

Jericho

One of the oldest inhabited cities in the world, located in the West Bank, known for its ancient fortifications and biblical significance.

Advanced Development

The process or state of being highly developed in a particular area, often referring to technology, society, or individual skills.

Agriculture

is the practice of cultivating the soil, growing crops, and raising livestock for food, fiber, and other products essential to human survival.