Long-Run Average Cost and Short-Run Average Cost Curves Have Their

question 103

True/False

Long-run average cost and short-run average cost curves have their U-shapes for the same reasons.

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Definitions:

Organisational

Pertaining to the structure and dynamics of an organization, including its processes, functions, and culture.

Motivation

The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Natural Environment

The physical and biological factors along with their chemical interactions that affect an ecosystem or the earth as a whole.

General Environment

Comprises economic, sociocultural (including demographic patterns), political–legal, technological, and natural environment conditions.