If a Firm Is Operating at a Loss in the Short

question 78

Multiple Choice

If a firm is operating at a loss in the short run and finds that its price is greater than average variable cost, then in the short run:

• A) it should produce where MR = MC.
• B) it should produce zero output.
• C) it should go out of business.
• D) total revenue is less than total variable costs.
• E) total revenue is greater than total costs.

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Definitions:

McClelland's Theory

A motivational theory that suggests individuals are motivated by three primary needs: achievement, affiliation, and power.

Need For Achievement

A strong desire to perform challenging tasks well.

Need For Power

The drive to influence or control other people, to be responsible for others, and to have authority over others.

Sales Jobs

Positions that involve the direct or indirect selling of products or services to customers.