A Firm Should Always Shut Down If Its Revenue Is

question 4

Multiple Choice

A firm should always shut down if its revenue is

• A) declining.
• B) less than its average fixed costs.
• C) less than its total costs.
• D) less than its avoidable costs.

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Definitions:

Sentinel-controlled

A loop mechanism that uses a special value (sentinel) to control the termination of the loop.

While Loop

A control flow statement in programming that repeats a block of code as long as a specified condition is true.

Infinite While Loop

A loop construct that repeats indefinitely because the loop condition is always true.