In a Long-Run Equilibrium, the Marginal Firm Has

question 216

Multiple Choice

In a long-run equilibrium, the marginal firm has

• A)price equal to average total cost.
• B)total revenue equal to total cost.
• C)economic profit equal to zero.
• D)All of the above are correct.

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Definitions:

Uninvolved Parent

A parenting style characterized by a lack of responsiveness to a child's needs, often leading to a lack of emotional involvement.

Permissive Parent

A parenting style characterized by low demands with high responsiveness, where parents are lenient and often only step in when there is a serious problem.

Authoritative Parent

A parenting style characterized by high responsiveness and high demands, focusing on setting clear rules and guidelines while also being supportive and nurturing towards the child.

Parenting Styles

The various approaches parents use in raising their children, typically categorized into authoritative, authoritarian, permissive, and uninvolved styles.