Refer to the Accompanying Graph

question 54

Multiple Choice

Refer to the accompanying graph. If this firm is a price taker and the price of each unit of output is $9, then this firm should:

• A)produce 45 units of output.
• B)shut down in the short run.
• C)raise its price to increase its revenue.
• D)lower its output to decrease its marginal cost.

---

Definitions:

Resilient

The ability to quickly recover from difficulties or spring back into shape; emotional strength in facing stress or hardship.

Migration

The movement of people from one place to another with intentions of settling, permanently or temporarily, at a new location.

Social Comparison

The tendency to assess one’s abilities, achievements, social status, and other attributes by measuring them against those of other people, especially one’s peers.

Significant Adversity

Major difficulties or misfortune that requires coping mechanisms and resilience to overcome.