Graph 13-6 This Graph Depicts Average Total Cost Functions

question 146

Multiple Choice

Graph 13-6 This graph depicts average total cost functions for a firm that produces automobiles.Use the graph to answer the following question(s) .
-Refer to Graph 13-6.If the firm is currently operating on ATCB, what options does it have if it wants to change its level of automobile production over the next couple of weeks?

• A)The firm has no options.It cannot change output level in the short run.
• B)it can operate at any level of output between points M and N
• C)it can operate at any level of output, as long as it stays on ATCD
• D)it can operate at any level of output as long as it stays on ATCB

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Definitions:

Genes

The basic physical and functional units of heredity, made up of DNA, that determine specific characteristics by encoding proteins.

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The natural, cyclical pattern of alternating states of sleep and wakefulness.

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A gland located above the kidney that produces hormones such as adrenaline and cortisol, which help control stress, metabolism, and immune response.