If a Firm Stops Production,then Its

question 97

Multiple Choice

If a firm stops production,then its:

• A) variable costs decrease to zero.
• B) fixed costs stay the same.
• C) total costs decrease.
• D) All of these are true.

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Definitions:

Mere Exposure Effect

A psychological occurrence in which people tend to develop a preference for things merely because they are familiar with them.

Novel Stimuli

New or unfamiliar stimuli that have not been encountered before, often drawing attention and eliciting responses from individuals.

Mere Exposure Effect

This phenomenon describes how people tend to develop a preference for things simply because they are familiar with them.

Speed Dating

A method of dating that allows individuals to meet and interact with multiple potential partners in a series of short, timed sessions.