Use the Figure to Answer the Following Question(s)

question 428

Multiple Choice

Use the figure to answer the following question(s) .
Figure 9-5

If the market price in Figure 9-5 fell to $2.50, what should the firm do?

• A) raise its price
• B) shut down and wait for conditions to improve
• C) continue operating in the short run if it expects conditions to improve
• D) go out of business immediately

---

Definitions:

Semantic Codes

Mental representations of knowledge stored according to meaning.

Visual Imagery

The mental visualization of scenes, objects, or events without the immediate input of sensory information, often used in psychological therapy and cognitive training.

Dual-Coding Theory

A theory suggesting information is better retained when encoded both visually and verbally.

Semantic Codes

Representations of information in the mind in terms of meaning, rather than purely by the structure or appearance of words or phrases.