A Firm's Marginal Cost Has a Minimum Value of $2,its

question 135

Multiple Choice

A firm's marginal cost has a minimum value of $2,its average variable cost has a minimum value of $4,and its average total cost has a minimum value of $5.Then the firm will shut down if the price of its product falls below

• A) $2.
• B) $4.
• C) $5.
• D) There is not enough information given to answer the question.

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Definitions:

Coral Reefs

Diverse underwater ecosystems held together by calcium carbonate structures secreted by corals, providing habitat and shelter for many marine species.

Biodiversity Of Oceans

The variety of life in the world's oceans and seas, including the ecosystems, species, and genetic diversity found within marine environments.

Habitat Degradation

The process by which a natural habitat becomes incapable of supporting its native species due to environmental pressures or human activities.

Maximum Sustained Yield

The largest yield or catch that can be taken from a species' stock over an indefinite period without causing stock depletion.