If the Demand Curve Falls Below the ATC Curve but Lies

question 49

Multiple Choice

If the demand curve falls below the ATC curve but lies above AVC, then the firm should

• A)Should shut down
• B)Operate in the short run but not the long run
• C)Set price = marginal cost
• D)Operate in the short run and the long run

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Definitions:

Exons

Portions of a gene that are transcribed and translated into proteins, interspersed with noncoding sequences called introns.

Amniocentesis

A medical procedure used in prenatal diagnosis, involving the extraction of a small amount of amniotic fluid from the uterus to test for genetic abnormalities and infections.

Amniotic Fluid

The protective liquid contained within the amniotic sac of pregnant females, surrounding and cushioning the fetus.

Fetal Cells

Cells originating from a developing fetus, possessing the capability to develop into various tissues and organs of the body.