The Upward-Sloping Portion of the Short-Run Average Total Cost Curve

question 127

Multiple Choice

The upward-sloping portion of the short-run average total cost curve is caused by:

• A) indivisible setup costs.
• B) diseconomies of scale.
• C) the absence of fixed inputs.
• D) the presence of fixed inputs.

---

Definitions:

Prompt Shipment

The action of sending goods quickly and without delay following the receipt of an order.

Negotiation

The transfer of an instrument in such form that the transferee becomes a holder.

Written Form

Refers to the requirement for certain agreements or documents to be in writing in order to be legally enforceable or valid.

Accepted

Accepted in legal and commercial contexts refers to the express or implied agreement to the terms of an offer, thereby creating a binding contract.