The Introduction of New Technology and Changes in Organization Are

question 41

Multiple Choice

The introduction of new technology and changes in organization are:

• A)likely to shift the LRAC curve.
• B)unlikely to help in the short-run.
• C)likely to shift the SRAC upward.
• D)unlikely to affect a firm's cost curves in the long-run.

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Definitions:

Constrict

To narrow; to become smaller because of contraction of a sphincter muscle.

Erythema

Diffuse redness over the skin because of capillary congestion and dilation of the superficial capillaries.

Verrucae

Warts; small, circumscribed elevations of the skin formed by hypertrophy of the papillae.

Itch Mite

A small parasitic arachnid that can cause severe itching and skin irritation, such as the one responsible for scabies.