In the Short Run, a Firm Will Shut Down If

question 13

Multiple Choice

In the short run, a firm will shut down if:

• A) MR is greater than minimum AVC
• B) MR is less than minimum AVC
• C) MR = P_Y
• D) MR is less than minimum ATC

---

Definitions:

Young Adult

A young adult is an individual in the stage of life transition between adolescence and adulthood, often categorized by ages 18 to 25.

Over-identify

The tendency to excessively relate or connect with characters, ideas, or objects beyond a healthy level, leading to a blurred sense of self.

Fidelity

The degree of faithfulness or loyalty to a person, organization, or set of beliefs, or the accuracy with which a copy replicates its source.

Psychosocial Development

A theory suggesting that personality development occurs through the interaction of social experiences across the lifespan.