Each Potential Short-Run Average Total Cost Curve Is Tangent to the Long-Run

question 171

Multiple Choice

Each potential short-run average total cost curve is tangent to the long-run average cost curve at:

• A) the level of output that minimizes short-run average total cost.
• B) the minimum point of the average total cost curve.
• C) the minimum point of the long-run average cost curve.
• D) a single point on the short-run average total cost curve.

---

Definitions:

Exercising

The activity of engaging in physical activities to improve health and maintain fitness.

Relatedness Needs

Desires for good interpersonal relationships.

Satisfying Growth

The achievement of growth goals that meet or exceed the expectations of stakeholders, contributing to overall satisfaction with the organization's progress.

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.