If a Change in Fixed Cost Raises Average Total Cost

question 197

Essay

If a change in fixed cost raises average total cost above the demand curve:
A.price and output will remain unchanged.
B.more monopolies will enter.
C.the monopoly will go out of business.
D.marginal cost will be greater than marginal revenue.

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Definitions:

Assembly Line Balancing

The process of optimizing the allocation of tasks among workstations in an assembly line to minimize downtime and maximize efficiency.

Product Layout

An arrangement of resources in a production process according to the sequence of operations for products.

Servicescape

The physical environment in which a service process takes place, and how it affects customers' perceptions and behaviors.

Retail Layout

The strategic arrangement of physical space and displays in a retail store to optimize customer experience and sales.