The Table Shows Three Short-Run Cost Schedules for Three Plants

question 24

Multiple Choice

The table shows three short-run cost schedules for three plants of different sizes that a firm might build in the long run. What is the long-run average cost of producing 10 units of output?

• A)$10
• B)$15
• C)$20
• D)$45

---

Definitions:

Teamwork

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Scientific Management

A theory of management focusing on improving economic efficiency, especially labor productivity, through the application of scientific methods to jobs and workers.

Job Enrichment

A motivational strategy that involves increasing the variety and responsibility in a job role to enhance job satisfaction and performance.

Job Characteristics Theory

A theory that suggests job satisfaction is related to five core dimensions: skill variety, task identity, task significance, autonomy, and feedback.