If a Firm Is Indifferent Between Operating and Shutting Down

question 131

Multiple Choice

If a firm is indifferent between operating and shutting down in the short run,then it must be true that

• A) total revenue equals total cost.
• B) total revenue equals total variable cost.
• C) total revenue equals fixed cost.
• D) fixed cost is zero.

---

Definitions:

Sunlight Radiation

The spectrum of electromagnetic radiation emitted by the sun, including visible light, ultraviolet light, and infrared radiation, which is essential for life on Earth.

Visible Light

The portion of the electromagnetic spectrum that is visible to the human eye and is responsible for the sense of sight.

Calvin Cycle

A set of light-independent chemical reactions in photosynthesis that occurs in the chloroplasts of plants, resulting in the conversion of carbon dioxide into glucose.

Noncyclic Electron Pathway

A part of photosynthesis where electrons travel in a linear path producing NADPH and ATP, unlike in the cyclic pathway where electrons are recycled.