Which of the Following Is a Closed-Ended Question

question 38

Multiple Choice

Which of the following is a closed-ended question?

• A)Would you rate the proposed expansion plan as likely to succeed or unlikely to succeed?
• B)What do you see as the primary benefit of the proposed expansion plan for your family?
• C)What corporate goals does the expansion help achieve?
• D)How will the expansion affect day-to-day operations?

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Definitions:

Average-Total-Cost Curve

A curve that shows the average total cost of production at different levels of output, typically U-shaped due to economies and diseconomies of scale.

Average-Total-Cost Curve

A graphical representation showing how the average total cost of producing a good changes as the quantity produced changes.

Average-Fixed-Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Average-Variable-Cost

The total variable cost divided by the quantity of output produced.