In the Short Run, If a Firm Shuts Down It

question 162

True/False

In the short run, if a firm shuts down it avoids its variable cost but not its fixed cost.

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Definitions:

Embryonic Period

The period that extends from the time the organism becomes attached to the uterus until the end of the 8th week of pregnancy, when all the major organs have taken primitive shape.

Cell's Environment

The surrounding conditions and factors that interact with and influence a cell's function and survival.

Genes

The segments on a DNA molecule that act as hereditary blueprints for the organism’s development.

Umbilical Cord

A flexible helical structure containing blood vessels that connects the developing organism to the placenta.