In the Long-Run, a Profit-Maximising Firm Will Choose to Exit

question 89

Multiple Choice

In the long-run, a profit-maximising firm will choose to exit a market when:

• A)fixed costs exceed sunk costs
• B)revenue from production is less than total costs
• C)average fixed cost is rising
• D)marginal cost exceeds marginal revenue at the current level of production

---

Definitions:

HR Outcomes

The results or outputs of human resource practices, including employee performance, engagement, retention, and overall organizational effectiveness.

HR Function

Refers to the various responsibilities managed by the human resources department, including recruitment, training, payroll, and benefits administration.

Workforce Analytics

The use of data analytics techniques to analyze workforce data and insights to improve HR decision-making and strategies.

Candidate Success

The achievement of a job applicant in securing a position and subsequently performing successfully in that role, often influenced by the recruitment process and organizational support.