If Melissa Owns a Software Company That Incurs No Fixed

question 104

Multiple Choice

If Melissa owns a software company that incurs no fixed costs, then

• A) her total cost equals her total variable cost.
• B) her total cost equals zero.
• C) her total variable cost is less than her total cost.
• D) she will earn an economic profit.
• E) her marginal cost must equal zero.

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Definitions:

Pulmonary Valves

Heart valves located at the opening of the pulmonary artery that prevent backflow of blood into the right ventricle.

Aortic Valves

The valve in the heart that controls blood flow from the left ventricle into the aorta.

Hemorrhagic Shock

A condition of reduced tissue perfusion, inadequate oxygen supply to the cells, often a result of severe blood loss.

Cardiac Output

The volume of blood the heart pumps through the circulatory system in one minute, typically measured in liters per minute.