If a Firm Has to Increase Output Suddenly to Meet

question 52

True/False

If a firm has to increase output suddenly to meet an increase in demand,its average total cost will decrease in the short run until it has time to add physical capital.

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Definitions:

Races

Socially constructed categories that divide humans into groups based on physical characteristics, ancestry, or genetics, though biologically the concept of race has been debunked.

ABCs

An acronym referring to the basic elements or principles of a subject, or, in psychology, often used to denote the components "Affect, Behavior, and Cognition."

Intergroup Relationships

The interactions and connections between different groups of people, including aspects of conflict, cooperation, and social dynamics.

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.