Which of the Following Would Not Be Considered a Consumer

question 85

Multiple Choice

Which of the following would not be considered a consumer durable?

• A) A sofa
• B) A personal computer
• C) Dinner each month at a nice restaurant
• D) An automobile
• E) A refrigerator

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Definitions:

Average Cost Curve

A graph showing the cost per unit of output produced, calculated by dividing total costs by the quantity of output.

U‐Shaped

The U-shaped concept typically refers to a relationship where variables initially decrease, reach a lowest point, and then increase, forming a graph that resembles a U shape.

Long-Run Average Cost Curve

Shows the way per unit costs change with output in the long run.

Scale of Plant

The size or capacity of a single production facility or plant, which can affect its operational efficiency and production costs.