In Order for a Price Taker to Continue to Operate

question 94

Multiple Choice

In order for a price taker to continue to operate and produce output,it must be the case that

• A) it earns a profit.
• B) total revenue is greater than or equal to the total cost of both the fixed and the variable factors of production.
• C) total revenue is greater than or equal to the cost of the fixed factors of production.
• D) total revenue is greater than or equal to the cost of the variable factors of production.
• E) it avoids a loss.

---

Definitions:

Font Size Gallery

A collection or menu within a software program that allows users to select from various font sizes for text.

Date Format

The arrangement of date components (day, month, year) in various sequences or styles, depending on cultural or regional preferences.

Mm/dd/yy Format

MM/DD/YY is a date format commonly used in the United States where months, days, and years are expressed numerically.

Best Fit

An algorithmic approach for efficiently allocating resources or arranging items with minimal wastage of space or resources.