Case-Based Critical Thinking Questions Case 3-1

question 243

Multiple Choice

Case-Based Critical Thinking Questions Case 3-1
Maureen is planning a cruise for her family's upcoming reunion. She wants to e-mail images of the cruise ship to her siblings, who live in other parts of the country. She decides to use PowerPoint 2013 to create a quick presentation to share with them.
Maureen is ready to e-mail her presentation. She can ____.

• A) use an e-mail program to send her presentation
• B) send the presentation using Outlook from within PowerPoint
• C) Either a or b.
• D) Neither a nor b.

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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.