If the Price Is Greater Than Average Total Cost at the Profit-Maximizing

question 160

Multiple Choice

If the price is greater than average total cost at the profit-maximizing quantity of output in the short run,a perfectly competitive firm will:

• A)continue to produce at a loss.
• B)produce at a profit.
• C)shut down production.
• D)reduce its fixed costs.

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Definitions:

MyPlate

A nutrition guide created by the U.S. Department of Agriculture, which illustrates the five food groups that are the building blocks for a healthy diet using a familiar mealtime visual, a plate.

Food Guide

A government or health organization's guideline offering recommendations on how to eat healthily and balance nutrients.

Orange

A citrus fruit known for its round shape and bright orange color, as well as being a rich source of Vitamin C.

Lower Esophagus

The terminal section of the esophagus which connects to the stomach, responsible for transporting ingested materials into the stomach for digestion.