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:

Lanugo

Fine, downlike covering of the fetus.

Fetus

A fetus refers to a developing mammal or human after the embryonic stage and before birth, characterized by rapid growth and the formation of body structures.

Chorion

The outermost membrane surrounding an embryo of a reptile, bird, or mammal, contributing to the formation of the placenta in mammals.

Hairs

Filamentous biomaterials growing from the dermis of mammals, serving various functions including temperature regulation and sensation.