(Figure: Long-Run and Short-Run Average Cost Curves)Use Figure: Long-Run and Short-Run

question 245

Multiple Choice

(Figure: Long-Run and Short-Run Average Cost Curves) Use Figure: Long-Run and Short-Run Average Cost Curves.If a firm is producing at point C on the ATC₂ but anticipates increasing output to 225,000 units in the long run,the firm will build a _____ plant and have _____ of scale.

• A)smaller;economies
• B)smaller;diseconomies
• C)bigger;economies
• D)bigger;diseconomies

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Definitions:

Foreskin

The retractable fold of skin covering the tip of the penis in uncircumcised males.

Foreskin

The fold of skin covering the head of the penis, which can be surgically removed via circumcision.

Circumcised

The surgical removal of the foreskin from the male penis.

Perineum

An area of soft tissue between the genitals and the anus that covers the muscles and ligaments of the pelvic floor.