If the Shutdown Rule,p < AVC,is the Same in the Short

question 29

Essay

If the shutdown rule,p < AVC,is the same in the short run and the long run,explain why the shutdown prices may be different.

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Definitions:

Perseverative Functional Autonomy

The level of functional autonomy that relates to low-level and routine behaviors.

Propriate Patterning

The organization of personality traits and characteristics that are central to an individual's self-concept.

Primary-Process Thought

Childlike thinking by which the id attempts to satisfy the instinctual drives.

Functional Autonomy

A principle in psychology where behaviors once initiated by a certain stimulus continue independently of the original motive.