(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

Know the proper setup for memo headings.

Understand the specifications for mailing and formatting in U.S. business practices.

Understand the different documentation styles used in academic and professional writing.

Recognize the purposes and formats of various citation elements such as superscripts, content notes, and bibliographies.

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Definitions:

Genetic Deficiency

A lack or shortage in the genetic makeup that can lead to diseases or health problems.

Bridewealth

A cultural practice where the groom or his family transfers goods, money, or other forms of wealth to the bride's family as part of the marriage process.

Patrilineal Societies

Societies in which inheritance, descent, and lineage are traced through the father's line.

Polygyny

A form of marriage in which a man is married to more than one wife simultaneously, a practice found in various cultures worldwide.