In the Short Run,if a Firm Shuts Down,its Loss Is

question 131

Multiple Choice

In the short run,if a firm shuts down,its loss is equal to _____

• A)zero.
• B)its variable cost.
• C)its fixed cost.
• D)its fixed cost minus its variable cost.
• E)its fixed cost minus total revenue.

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Definitions:

Stereotyping

The act of categorizing individuals into groups and making generalized judgments about them without acknowledgment of individual differences.

Traits

Enduring characteristics or qualities that define an individual's behavior and personality.

Prejudice

A preconceived opinion or bias against individuals or groups without just grounds or sufficient knowledge.

Negative Attitude

A general disposition of disfavor or opposition towards a specific object, concept, or person.