The Short-Run Average Total Cost,average Variable Cost,and Marginal Cost Curves

question 78

Multiple Choice

The short-run average total cost,average variable cost,and marginal cost curves are all U-shaped because of
i.constant total fixed cost.
ii.increasing and then decreasing marginal returns as more labor is hired.
iii.economies and diseconomies of scale as the plant size increases.

• A) only i
• B) only ii
• C) i and iii
• D) ii and iii
• E) i, ii, and iii

Understand the concepts and importance of driving and restraining forces in the change process.

Recognize the role of learning in managing and facilitating change.

Identify strategies to manage resistance to change effectively.

Understand the role of change agents and the characteristics that make them effective.

---

Definitions:

Deposition

The geological process by which sediments, soil, and rocks are added to a landform or landmass, often carried by wind, water, or ice.

Cutbank

A steep cut or slope formed by lateral erosion of a stream, especially on the outside bend of a channel.

Gradient

The rate of change of a quantity (e.g., temperature, pressure, or elevation) with respect to distance in a given direction.

Headwaters

The source of a river or stream, generally found in the high elevation areas from which the river originates.