A Firm Will Not Shut Down in the Long Run

question 213

Multiple Choice

A firm will not shut down in the long run as long as the firms revenue

• A) is larger than the firm's variable cost.
• B) is greater than the firm's marginal cost.
• C) is greater than the fixed cost.
• D) is less than the total cost.

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Definitions:

Hyperopia

A common eye condition also known as farsightedness, where distant objects can be seen more clearly than close ones.

Myopia

A common vision condition, also known as nearsightedness, where close objects appear clearly, but distant ones do not.

Presbyopia

A common age-related condition where the eye's lens loses the ability to focus on close objects, resulting in difficulty reading or seeing details at close range.

Weber Test

A screening test for hearing that uses a tuning fork to determine the nature and severity of hearing loss.