If Price Equals Average Total Cost at the Profit-Maximizing Output

question 52

Multiple Choice

If price equals average total cost at the profit-maximizing output level,then in the short run,

• A)profit is positive
• B)profit is negative
• C)the firm will go out of business
• D)the firm will earn zero profit
• E)the firm's supply curve is horizontal

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Definitions:

Inevitable Losses

Events or changes that are certain to happen and result in the loss of something valued, often related to life transitions or aging.

Cognitive Therapy

A form of therapy designed to identify and change irrational, unproductive ways of thinking and, hence, to reduce negative emotions.

Scientist-Practitioner Gap

The divide between academic research in psychology and its application in clinical practice, highlighting differences in priorities and methodologies.

Psychotherapy

A form of treatment aimed at improving mental health and well-being through talking with a psychologist or other mental health professional.