In the Short Run, Suppose Average Total Cost Is a Straight

question 160

Multiple Choice

In the short run, suppose average total cost is a straight line and marginal cost is positive and constant. Then, we know that:

• A) marginal cost is less than average total cost.
• B) average total cost is positive and constant.
• C) average total cost equals marginal cost.
• D) A and B are correct.
• E) B and C are correct.

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Definitions:

Emotional Conflict

Disputes and disagreements fueled by strong feelings, fears, or misinterpretation of someone's intentions rather than actual differences in thoughts or opinions.

Feelings of Anger

Emotional responses characterized by annoyance, displeasure, or hostility towards someone or something perceived as harmful or threatening.

Lose-lose Conflicts

Situations in conflict resolution where all parties involved suffer losses or negative outcomes.

Avoidance

A conflict management style in which the person pretends that a conflict doesn’t really exist.