Points a , B , and C Are Collinear

question 6

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Points A , B , and C are collinear. If AB = 12 and BC = 7, find the two possible lengths of .

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Definitions:

Increasing-Cost Industry

An industry where production costs begin to rise as the industry's output expands, often due to resource limitations or increased prices of inputs.

Minimum Long-Run ATC

The lowest point on the Average Total Cost curve when a firm operates in an efficient scale over the long term.

Increasing-Cost Industry

An industry in which production costs increase as industry output expands, often due to resource limitations or higher input costs.

Constant-Cost Industry

An industry where the input prices do not change as the industry output changes.