A Fixed Cost That the Firm Cannot Avoid If It

question 38

Multiple Choice

A fixed cost that the firm cannot avoid if it shuts down and produces zero output must be:

• A)an accounting cost.
• B)a marginal cost.
• C)an equilibrium cost.
• D)a sunk cost.

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Definitions:

Healthy Behaviors

Actions or practices by individuals that contribute to maintaining or improving their health.

Balanced Diet

A diet consisting of a variety of different types of food and providing adequate amounts of the nutrients necessary for good health.

Transtheoretical Model

A theory of behavior change that outlines six stages individuals go through in altering behavior, ranging from pre-contemplation to maintenance, and identifies strategies to help progress through these stages.

Contemplation

A stage of readiness where an individual thinks about making a change but has not yet committed to taking action.