Refer to the Data Provided in Table 9 -Refer to Table 9

question 50

Multiple Choice

Refer to the data provided in Table 9.3 below to answer the following question(s) .
Table 9.3
$$\begin{array} { c c c c c c c } \text { q } & \text { TFC } & \text { TVC } & \text { TC } & \text { MC } & \text { AVC } & \text { ATC } \\\hline 0 & \$ 100 & \$ 0 & \$ 100 & - - & - - & - - \\\hline 1 & 100 & 40 & 140 & 40 & 40 & 140 \\\hline 2 & 100 & 60 & 160 & 20 & 30 & 80 \\\hline 3 & 100 & 90 & 190 & 30 & 30 & 63.33 \\\hline 4 & 100 & 124 & 224 & 34 & 31 & 56 \\\hline 5 & 100 & 180 & 280 & 56 & 36 & 56 \\\hline 6 & 100 & 264 & 364 & 84 & 44 & 60.67 \\\hline 7 & 100 & 372 & 472 & 108 & & 67.43 \\\hline\end{array}$$
-Refer to Table 9.3. If the market price is $34, then in the short run the firm will

• A) operate and expand.
• B) operate but not expand.
• C) shut down, but not go out of business.
• D) go out of business.

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Definitions:

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone by collecting their ideas in writing before sharing them with the group.

Premature Decision

A conclusion or resolution made hastily or without full consideration of the consequences or alternatives.

Majority Opinions

The views or judgments held or expressed by the greater number of individuals within a particular group or community.

Conflicts

Conflicts are disputes or disagreements between individuals or groups that arise due to differing views, interests, or goals.