A Firm's AC Will Eventually Begin to Rise Because

question 10

Multiple Choice

A firm's AC will eventually begin to rise because

• A)managers' salaries rise with output.
• B)bottlenecks may be reached for some inputs.
• C)MFC begins to rise near capacity.
• D)the range of negative returns is reached.

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Definitions:

Automatic System

Part of the cognitive system that is fast, unconscious, and requires minimal effort, as opposed to the effortful, conscious processing system.

Deliberate System

The deliberate system, in psychological theory, refers to one of two systems of thinking: slower, more rational, and conscious thought processes that require effort and deliberation.

Automatic Mind

The aspect of cognitive processing that functions without conscious thought, often responsible for habits, gut reactions, and quick decisions.

Conscious Mind

The aspect of the mind that is aware of one's environment, thoughts, feelings, and experiences at the present moment.