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:

Valve-like Structure

An anatomical feature or device that functions to control the flow of fluid, opening and closing to permit passage in one direction only.

Body Opening

Any natural opening in the body, such as the mouth, nostrils, or pores, that can serve as a passageway into the body.

Cardiac Muscle

Specialized muscle tissue found only in the heart, responsible for the heart's contractile force and continuous pumping action.

Neurotransmitter

Chemical messengers that transmit signals across a chemical synapse, from one neuron to another target neuron.