-The Above Figure Shows a Perfectly Competitive Firm

question 114

Multiple Choice

-The above figure shows a perfectly competitive firm.If the market price is $5 per unit,the firm

• A) will definitely shut down to minimize its losses.
• B) will stay open to produce and will make zero economic profit.
• C) will stay open to produce and will incur an economic loss.
• D) will stay open to produce and will make an economic profit.
• E) might shut down but more information is needed about the fixed cost.

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Definitions:

Unconscious

A part of the mind that contains desires, memories, and information that are not consciously accessible.

Sexual Drive

The biologically influenced motivation for sexual activity and expression.

Babies

Young infants or very young children, typically those under the age of one year.

Physical Pleasure

Physical pleasure is a sensation of bodily enjoyment, typically associated with activities that satisfy biological needs or stimulate the senses in a positive way.