Hubert Owns a Scooter Store

question 78

Multiple Choice

Hubert owns a scooter store.Last year his average cost of selling a scooter was $1,000.If he expands the size of his store this year and sees his average cost remain the same,his long-run average total cost curve should be

• A) horizontal.
• B) upward sloping.
• C) vertical.
• D) downward sloping.
• E) U-shaped.

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Definitions:

Material Specifications

Detailed descriptions of the properties, standards, and characteristics that materials must meet for their intended use in manufacturing or construction.

Quantity Shipped

The total amount of goods that have been sent to customers or distribution points within a specified period.

Origin of the Shipment

Refers to the initial location or country from which a shipment of goods starts its journey to the buyer.

Nonferrous Metal

Metals that do not contain a significant amount of iron. This category includes aluminum, copper, lead, nickel, tin, titanium, and zinc among others.