The Total Cost to the Firm of Producing Zero Units

question 156

Multiple Choice

The total cost to the firm of producing zero units of output is

• A)zero in both the short run and the long run.
• B)its fixed cost in the short run and zero in the long run.
• C)its fixed cost in both the short run and the long run.
• D)its variable cost in both the short run and the long run.

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Definitions:

Autonomic Ganglion

A collection of nerve cell bodies in the autonomic nervous system that act as relay points for transmitting neurological signals to organs.

Smooth Muscle

A type of muscle found in the walls of hollow organs like the intestines and blood vessels, characterized by its involuntary control and lack of striations.

Pelvic Splanchnic Nerves

Nerves that arise from the sacral spinal nerves, contributing to the autonomic innervation of the pelvic organs.

Parasympathetic Division

Part of the autonomic nervous system responsible for conserving energy and restoring the body to a state of calm after periods of stress or danger.