If in the Short Run,at the Profit Maximizing Level of Output,the

question 104

Multiple Choice

If in the short run,at the profit maximizing level of output,the average revenue curve of a competitive firm lies above the average cost curve:

• A)the firm is incurring losses.
• B)the firm is just able to cover its total cost.
• C)the firm enjoys above-normal profits.
• D)the firm must shut down.
• E)the firm is barely able to cover its variable costs.

---

Definitions:

Conversion Therapy

A controversial practice aiming to change an individual's sexual orientation from homosexual or bisexual to heterosexual.

Heterosexual Orientation

A sexual orientation characterized by an emotional, romantic, or sexual attraction to individuals of the opposite sex.

Sexual Orientation

An inherent or immutable enduring emotional, romantic, or sexual attraction to other people, which constitutes part of one's identity.

Genetic Influences

The impact of genes inherited from parents on an individual's traits, such as physical characteristics, behavior, and risk of diseases.