The Short-Run Average Total Cost Curve Is U-Shaped Because

question 284

Multiple Choice

The short-run average total cost curve is U-shaped because

• A)average fixed costs decline continuously as output increases.
• B)of increasing and diminishing returns.
• C)of economies and diseconomies of scale.
• D)minimum efficient scale is encountered.

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Definitions:

Realloc()

A function in C that resizes the memory block pointed to by a pointer, potentially moving it to accommodate the new size.

Free()

A function in C programming used to release previously allocated memory back to the operating system or memory manager.

Stdio.h

The header file in C containing declarations for input and output functions, including printf and scanf.

Function Prototype

A declaration of a function that specifies the function’s name, return type, and parameters, used in programming to inform the compiler about the function.