-If, in the Short Run, the Level of Output Is

question 362

Multiple Choice

-If, in the short run, the level of output is zero, which of the following statement is TRUE?

• A) Total variable cost is zero but total cost equals total fixed cost, and both of the latter exceed zero.
• B) Total cost and total fixed cost graphs will begin at the origin.
• C) Total fixed cost will also be zero at first but will rise once output rises.
• D) none of the above

---

Definitions:

Hiring and Firing

The processes of adding new employees to an organization and terminating the employment of existing workers, respectively.

Employee Motivation

The level of energy, commitment, and creativity that a company's workers bring to their jobs.

Fictive Kin

Individuals who are not biologically related but are considered family due to their emotional or social connections.

Extrinsic Rewards

Benefits given by an external source, such as money or praise, to motivate behavior.