Why Are Long-Run Average-Total-Cost Curves Often U-Shaped

question 153

Multiple Choice

Why are long-run average-total-cost curves often U-shaped

• A)for the same reasons that short-run average-total-cost curves have the identical U-shape
• B)because of constant returns to scale
• C)because of increasing coordination problems at low levels of production and increasing specialization of workers at high levels of production
• D)because of increasing specialization of workers at low levels of production and increasing coordination problems at high levels of production

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Definitions:

Psychoanalyst

A therapist who practices psychoanalysis, a method of psychological therapy that explores the unconscious mind, often focusing on resolving repressed conflicts and issues.

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Psychoanalytic Tradition

A school of psychological thought and therapy founded by Sigmund Freud, emphasizing the influence of unconscious thoughts, feelings, and childhood experiences.

Psychodynamic Therapy

Psychodynamic therapy is a form of depth psychology that focuses on revealing and resolving the unconscious conflicts believed to be rooted in childhood experiences, influencing current behavior and feelings.