In the Short Run, the Fixed Costs of a Firm

question 98

Multiple Choice

In the short run, the fixed costs of a firm:

• A)must be paid regardless of the level of output produced.
• B)should be strongly considered when deciding whether to shut down production.
• C)are zero when the quantity produced is zero.
• D)must be higher than the firm's variable costs.

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Definitions:

Afferent Nerves

Nerve fibers that carry sensory signals from the body's periphery towards the central nervous system.

Receptors

Specialized cells or proteins in organisms that detect and respond to chemicals, light, and other stimuli.

Effectors

Organs or cells that act in response to a stimulus, often referring to muscles or glands that carry out the body's responses to stimuli.

Afferent Neurons

Nerves that carry messages inward toward the central nervous system.