A Perfectly Competitive Firm Produces 3,000 Units of a Good

question 104

Multiple Choice

A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000.The fixed cost of production is $20,000.The price of each good is $10.Should the firm continue to produce in the short run?

• A)No, it should shut down because it is making a loss.
• B)Yes, it should continue to produce because its price exceeds its average fixed cost.
• C)Yes, it should continue to produce because the firm's revenues cover the total variable cost of $16,000.
• D)There is insufficient information to answer the question.

Comprehend postvention strategies and their importance in the context of suicide.

Recognize appropriate language when discussing suicide to avoid stigmatization.

Understand gender trends in relation to violent behaviors, specifically homicide.

Identify high risk groups for suicide and understand the factors contributing to their risk levels.

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Definitions:

Identifying Problem

The process of recognizing and defining issues or challenges that need to be addressed.

Implementing Solutions

The process of putting into action or executing strategies and plans to address specific problems or challenges.

Developing

The process of growth, improvement, or advancement in skills, knowledge, or infrastructure within an individual, organization, or region.

Choosing

The act of making a selection from a range of options or deciding among possible alternatives.