To an Economist, Quitting

question 24

Multiple Choice

To an economist, quitting

• A)Makes sense if at the quantity where MC=MR the price is less than ATC.
• B)Makes sense if at the quantity where MC=MR the price is less than AVC.
• C)Makes sense if at the quantity where MC=MR the firm loses money.
• D)Never makes sense.

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Definitions:

Crowdfunding

The method of financing a project or business by collecting minor contributions from a vast audience, usually through online platforms.

Traditional Sources

pertain to the established, time-honored means or origins from which information, materials, or practices are obtained.

Kickstarter.com

An online crowdfunding platform that allows individuals to fundraise for creative projects, inventions, and products.

Transvestism

The wearing of clothes of the other sex for any one of many reasons, including relaxation, fun, and sexual gratification. Also referred to as cross-dressing.