The Portion of the Short-Run Average Cost Curve That Becomes

question 23

Multiple Choice

The portion of the short-run average cost curve that becomes part of the long-run average cost curve is the

• A) portion of the short-run average cost curve with the highest unit cost.
• B) minimum short-run average cost curve.
• C) the downward-sloping portion of the short-run average cost curve.
• D) portion of the short-run cost curve,be it upward-sloping or downward-sloping,that gives the lowest production cost for that specific level of output.
• E) upward-sloping portion of the short-run average cost curve.

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Definitions:

Eradicate

To completely destroy or eliminate something, often used in the context of eradicating diseases or harmful practices.

Tribal Leaders

Individuals recognized for their authority, leadership, and influence within tribal societies, often responsible for decision-making and guidance.

Enforce Authority

The act of implementing or ensuring compliance with laws, rules, or decisions by those in power.

Legal Sanctions

Penalties or coercive measures that are imposed by law to enforce compliance with legal norms and regulations.