In the Long Run, a Profit-Maximizing Firm Will Choose to Exit

question 330

Multiple Choice

In the long run, a profit-maximizing firm will choose to exit a market when

• A)average fixed cost is falling.
• B)variable costs exceed sunk costs.
• C)marginal cost exceeds marginal revenue at the current level of production.
• D)total revenue is less than total cost.

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Definitions:

Hutu Majority

The ethnic group that constitutes the majority of the population in Rwanda, historically involved in conflict with the Tutsi minority.

Prejudiced Discriminator

An individual who acts out their prejudices and biases towards others, often based on race, sexuality, gender, or any other characteristic, resulting in discriminatory behavior.

Ethnic Names

Names that are closely associated with a particular ethnic or cultural background, often carrying historical and familial significance.

Human Resources

The department within an organization focused on recruiting, managing, and providing direction for the people who work in the organization.