If a Factory Has a Short-Run Capacity Constraint (E

question 80

Multiple Choice

If a factory has a short-run capacity constraint (e.g., an auto plant can only produce 800 cars per day at maximum capacity) , the marginal cost of production becomes ________ at the capacity constraint.

• A) infinite
• B) zero
• C) highly elastic
• D) less than the average variable cost

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Definitions:

Biological Factors

Elements that affect mental and physical health stemming from genetic, neurological, and chemical aspects within the body.

Environmental Factors

These are external elements that influence living organisms, including weather, geographical location, and pollution.

ECT

Electroconvulsive Therapy is a medical treatment most commonly used for patients with severe major depression or bipolar disorder that has not responded to other treatments.

Major Depression

A psychiatric disorder characterized by a persistent feeling of sadness or a lack of interest in external stimuli, impacting daily functioning.