Which Statement Is True

question 348

Multiple Choice

Which statement is true?

• A)A firm will operate in the short run if total revenue is greater than variable costs.
• B)A firm will shut down if variable costs are greater than total revenue.
• C)A firm is operating at peak efficiency if its average total cost is held to a minimum.
• D)All of the statements are true.

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Definitions:

Lanugo

Fine, soft hair, especially that which covers the body and limbs of a human fetus or newborn.

Unpigmented Hairs

Hairs that lack color due to an absence or decrease in melanin production.

Hair Bulb

The rounded, club-shaped structure at the base of a hair follicle, containing actively dividing cells which produce the hair shaft.

Hair Root

The part of the hair located below the skin surface, anchored into the hair follicle, where hair growth begins.