Consider the Following Total Cost Schedule for a Perfectly Competitive

question 32

Multiple Choice

Consider the following total cost schedule for a perfectly competitive firm producing ball- point pens. $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Output } \\\text { per period }\end{array} & \text { TVC } ( \$ ) & \text { TFC } ( \$ ) \\\hline 0 & 0 & 5 \\\hline 10 & 2 & 5 \\\hline 20 & 3 & 5 \\\hline 30 & 6 & 5 \\\hline 40 & 10 & 5 \\\hline 50 & 15 & 5 \\\hline\end{array}$$ TABLE 9- 3
-Refer to Table 9- 3.This firm would shut down in the short run if the market price of its output

• A)dropped below $0.15.
• B)dropped below $0.20.
• C)dropped below $0.30.
• D)dropped below $2.00.
• E)dropped below $3.00.

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Definitions:

Stimulated

Being excited or invigorated to action or increased activity, often by external means or influences.

EEG Activity

EEG Activity refers to the electrical activity of the brain as recorded by an electroencephalogram, used to study sleep, diagnose epilepsy, and other brain disorders.

Cognitive Activity

The mental processes involved in gaining knowledge and understanding, including thinking, remembering, learning, and problem-solving.

Muscular Activity

Physical actions and movements produced by the contraction and relaxation of muscle groups in the body.