Even When a Firm Produces the Level of Output at Which

question 51

Multiple Choice

Even when a firm produces the level of output at which price equals marginal cost, it should shut down if its total revenue is less than its:

• A)marginal cost.
• B)fixed cost.
• C)variable cost.
• D)total cost.

---

Definitions:

Mineral-based Shell

A hard, protective outer layer created by some organisms, composed primarily of minerals.

Flagella

Long, whip-like structures that protrude from the cell body of certain cells, such as bacteria and sperm, used for locomotion.

Photosynthetic

Relating to the process by which green plants and certain other organisms use sunlight to synthesize nutrients from carbon dioxide and water.

Amoebozoans

A group of eukaryotic organisms, mostly comprising amoebas, that move and feed by means of pseudopodia, which are temporary projections of cytoplasm.