Table 13-3 Table 13-3 Shows the Demand and Cost Schedules for a and Cost

question 110

Multiple Choice

Table 13-3

Table 13-3 shows the demand and cost schedules for a monopolistically competitive firm.
-Refer to Table 13-3.What is the best course of action for the firm in the short run?

• A)It should shut down.
• B)It should stay in business because it covers some of its fixed cost.
• C)It should increase its sales by lowering its price.
• D)It should not cut its price but it should increase its sales by advertising.

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Definitions:

Muscular Endurance

The ability of a muscle or group of muscles to sustain repeated contractions or to continue applying force against a fixed object for an extended period.

Cardiorespiratory Fitness

The capacity of the heart, lungs, and circulatory system to provide oxygenated blood to muscles in action throughout extended periods of physical exercise.

Elliptical Trainer

A stationary exercise machine used to simulate stair climbing, walking, or running without causing excessive pressure to the joints.

Aerobic Workouts

Exercise activities that increase the heart rate and promote the circulation of oxygen through the blood and are performed over extended periods.