When the Curve That Envelops the Series of Possible Short-Run

question 13

Multiple Choice

When the curve that envelops the series of possible short-run average total cost curves is horizontal, this means that there are:

• A) economies of scale.
• B) diseconomies of scale.
• C) constant returns to scale.
• D) diminishing returns.
• E) some fixed factors of production.

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Definitions:

Permanently Assigned

The status of being indefinitely designated to a particular task, role, or position within an organization.

Differentiated Departments

Units within an organization that are specialized and distinct from each other in their functions, roles, and objectives.

Liaison Roles

Positions or duties in which an individual is responsible for facilitating communication and coordination between different groups or departments within an organization.

Task Forces

Temporary groups set up to solve coordination problems across several departments.