If a Firm Shuts Down in the Short Run

question 146

Multiple Choice

If a firm shuts down in the short run,

• A)its loss equals zero.
• B)its loss equals its fixed cost.
• C)is makes zero economic profit.
• D)its total revenue is not large enough to cover its fixed cost.

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Definitions:

Frontal

Pertaining to the frontal lobe of the brain, which is involved in decision making, problem solving, and controlling behavior.

Itch Sensation

A discomforting, irritation sensation on the skin that provokes the desire or reflex to scratch.

Primary Motor Cortex

The region of the cerebral cortex involved in the planning, control, and execution of voluntary movements.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for motor function, problem solving, spontaneity, memory, language, initiation, judgement, impulse control, and social and sexual behavior.