Even in the Short Run,a Small Business Must Set the Price

question 50

Multiple Choice

Even in the short run,a small business must set the price of a product at least equal to the ________ costs (per unit) ,or it must shut down.

• A)fixed
• B)variable
• C)total
• D)invariable

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Definitions:

Quarterly Sales

The total revenue or volume of sales achieved by a business within a three-month period.

Comma Usage

The rules governing the use of commas in written language to separate elements, clarify meaning, or indicate pauses.

Comma Usage

The application of commas in writing, serving to clarify meaning, indicate pauses, or separate elements within sentences.

Hard Work

Applying great effort, diligence, and persistence in doing something, often leading to achieving a goal or task.