If a Profit-Maximizing Firm Shuts Down in the Short Run

question 49

Multiple Choice

If a profit-maximizing firm shuts down in the short run, it must be true that before the shutdown, at all positive output levels,

• A) average total cost was less than average variable cost
• B) fixed cost was greater than total revenue
• C) variable cost was greater than total revenue
• D) profit was zero
• E) total cost plus total revenue was less than profit

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Definitions:

Sexual Stimulation

Activities or actions that arouse sexual desire or increase sexual arousal.

Nongenital Body Parts

Areas of the body other than the sexual organs that can experience sexual arousal or stimulation.

Dominatrix

A woman who takes the dominant role in BDSM activities, often involving the control and discipline of a submissive partner.

Chains

Objects composed of interconnected links, often made of metal, used for securing or fastening.