A Price- Taking Firm in the Short Run Should Not

question 43

Multiple Choice

A price- taking firm in the short run should not produce any level of output unless

• A) marginal revenue equals average total cost.
• B) average revenue equals or exceeds average variable cost.
• C) it is earning positive profits.
• D) marginal revenue exceeds marginal cost.
• E) average revenue equals or exceeds average total cost.

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Definitions:

Black Power Movement

A political and social movement of the 1960s and 1970s advocating for the rights and empowerment of black people, emphasizing racial pride and self-sufficiency.

Elaine Brown

A prominent African American activist, writer, and singer, known for her role in the leadership of the Black Panther Party.

Angela Davis

An American political activist, scholar, and author known for her involvement in civil rights movements and advocacy for social justice.

Blaxploitation Films

A genre of American film of the 1970s aimed at an African American audience, featuring African American actors in lead roles and often dealing with urban and racial challenges.