In the Short Run,if a Firm's Total Variable Cost Curve

question 53

Multiple Choice

In the short run,if a firm's total variable cost curve lies everywhere above its total revenue curve,the firm should produce

• A)the output level that minimizes average total cost
• B)the output level that minimizes average variable cost
• C)the output level that minimizes the distance between marginal cost and marginal revenue
• D)the output level that maximizes the distance between marginal cost and marginal revenue
• E)no output

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Definitions:

Employees

Individuals who are hired by a person or business for wages or salary to perform work or services.

Human Resource Planning

The process of ensuring that an organization has the right number and types of employees, at the right time and place, who are capable of effectively and efficiently completing tasks that will help the organization achieve its overall strategic objectives.

Strategic Planning

Procedures for making decisions about the organization’s long-term goals and strategies.