A Firm That Shuts Down Temporarily Has to Pay

question 118

Multiple Choice

A firm that shuts down temporarily has to pay

• A)its variable costs but not its fixed costs.
• B)its fixed costs but not its variable costs.
• C)both its variable costs and its fixed costs.
• D)neither its variable costs nor its fixed costs.

---

Definitions:

Tinbergen

Refers to Nikolaas Tinbergen, a biologist known for his foundational work in animal behavior and ethology.

Natural Selection

The process by which genetic variations advantageous for survival and reproduction are preserved over generations, shaping species.

Evolution

A process through which species undergo changes over time due to genetic variation and natural selection.

Fitness

In evolutionary biology, refers to an organism's ability to survive, reproduce, and pass its genes to the next generation.