A Short- Run Average Total Cost Curve and a Long-

question 8

Multiple Choice

A short- run average total cost curve and a long- run average cost curve are tangent

• A) where the short- run cost curve is downward sloping.
• B) by coincidence.
• C) where the short- run cost curve is upward sloping.
• D) when the quantity of the fixed factor is at the optimal level for that level of output.
• E) where the short- run cost curve is downward- sloping and the quantity of the fixed factor is optimal.

---

Definitions:

Interpersonal Relations

The connections and interactions between individuals in a social or professional context.

Group Dynamics

The study of the behaviors and psychological processes that occur within a social group.

Matrix Structure

An organizational structure that assigns specialists from different functional departments to work on one or more projects, leading to a blend of functional and project-based attributes.

Customer Service

The support and guidance offered by an organization to individuals who purchase or utilize its goods or services.