If Carol's Crayon Factory's Price Exceeds Its Average Total Cost

question 52

Multiple Choice

If Carol's Crayon Factory's price exceeds its average total cost in the short run,then

• A)it should shut down
• B)it is earning a profit
• C)profits are being maximized
• D)it should increase output
• E)it should decrease output

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Definitions:

Reproductive Strategies

The biological and behavioral tactics employed by individuals to ensure the survival and replication of their genes.

Fertility

refers to the natural capability to produce offspring, a fundamental aspect of human biology and reproduction.

Mating Rituals

Behaviors or practices undertaken by individuals in some species as part of the courtship process leading to reproduction.

Viability

The ability to work successfully or live and grow under certain conditions.