In the Long Run, All of a Firm's Costs Are

question 580

Multiple Choice

In the long run, all of a firm's costs are variable. In this case the exit criterion for a profit-maximizing firm is to shut down if

• A)price is less than average total cost.
• B)price is greater than average total cost.
• C)average revenue is greater than average fixed cost.
• D)average revenue is greater than marginal cost.

---

Definitions:

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Religious Involvement

Participation and engagement in activities associated with a particular faith or belief system, which can influence an individual's values, behaviors, and community connections.

Marital Satisfaction

A measure of the degree to which partners in a marital relationship are content and happy with their relationship.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual.