Which of the Following Is True If a Firm Shuts

question 65

Multiple Choice

Which of the following is true if a firm shuts down?
i.The price is less than minimum average variable cost.
ii.The firm is able to avoid an economic loss.
iii.The firm incurs a loss equal to its total variable cost.

• A) i only
• B) i and ii
• C) i and iii
• D) iii only
• E) ii only

---

Definitions:

Computer Departments

Units within organizations focused on managing and supporting computer technologies and information systems.

CAT 5e

A category of Ethernet cable that provides performance of up to 100 MHz and is used for fast data transfer rates in networking environments.

Ethernet Cables

Wired technology used to connect devices within a local area network (LAN), such as computers, routers, and switches, facilitating internet and network communication.

Sample Size

The number of observations or data points collected in a statistical sample.