Consider the Short- Run and Long- Run Cost Curves for a Firm.If

question 67

Multiple Choice

Consider the short- run and long- run cost curves for a firm.If there is an improvement in the firm's technology,

• A)there will be a downward shift in the long- run average cost curve but not in the short- run average cost curve.
• B)the firm will move to a lower point on both its long- run and short- run average cost curves.
• C)the firm will move to a lower point on its long- run average cost curve only.
• D)there will be no change in the cost curves in the long run.
• E)both the long- run and short- run average cost curves will shift downward.

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Definitions:

Shouting

The act of raising one's voice to a much louder volume, often as an expression of strong emotion or to attract attention.

Avolition

A lack of motivation or ability to initiate and persist in goal-directed activities, often observed in various psychiatric conditions.

Apathy

A lack of interest, enthusiasm, or concern.

Flat Affect

A severe reduction in emotional expressiveness, often characterized by a lack of facial expression and vocal tone.