In a Market with a Fixed Number of Firms,as Long

question 58

Multiple Choice

In a market with a fixed number of firms,as long as price is

• A) above average variable cost,each firm's marginal-cost curve is its supply curve.
• B) above average variable cost,each firm's average-total-cost curve is its supply curve.
• C) above average total cost,each firm's marginal-cost curve is its supply curve.
• D) above average total cost,each firm's average-total-cost curve is its supply curve.

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Definitions:

Group Insurance

A type of insurance plan that covers a defined group of people, typically employees of a business, offering benefits due to sickness, disability, or death.

HR Function

The set of responsibilities and practices within an organization focused on managing and developing its human capital, including recruitment, training, and employee welfare.

Human Resource Planning

Human resource planning involves forecasting future manpower requirements, ensuring that the organization has the right number of people and the right kind of people at the right places, at the right time, capable of effectively and efficiently completing those tasks that will help the organization achieve its overall objectives.