When Production Increases, Total Costs

question 134

Multiple Choice

When production increases, total costs

• A)can increase or decrease in the long run.
• B)always increase in the short run.
• C)are constant in the long run.
• D)can increase or decrease in the short run.
• E)become zero.

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Definitions:

Diameter

The straight line passing from side to side through the center of a body or figure, especially a circle or sphere, and representing the maximum distance between sides.

External Threads

Threads on the outside of a cylindrical surface, designed to fit into a corresponding part with internal threads.

Internal Threads

Threads located on the inside surface of a hole, designed to mate with external threads on a bolt or screw.

Die Cuts

Precise shapes cut from various materials using a die or mold.