A Firm Shuts Down If Price Is

question 35

Multiple Choice

A firm shuts down if price is

• A)above minimum average variable cost.
• B)below minimum average variable cost.
• C)above minimum average fixed cost.
• D)less than marginal cost.
• E)below average total cost.

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Definitions:

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Bias or prejudgment against a particular group or individual based on specific characteristics.

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A structured treatment environment where patients and therapists live together to work towards healing and rehabilitation.