The LRAC Curve

question 149

Multiple Choice

The LRAC curve

• A) is the minimum points on all the short-run ATC curves.
• B) shows the lowest possible marginal cost of producing the different levels of output.
• C) shows the lowest attainable average total cost for all levels of output when all inputs can be varied.
• D) generally lies above the short-run ATC curves.

---

Definitions:

Cats' Abilities

Refers to the range of physical and sensory skills possessed by domestic and wild cats, including agility, night vision, and keen hearing.

Shaping

A method used in behavioral psychology to gradually train or teach an organism to perform a specific behavior by reinforcing successive approximations of the target behavior.

Reminders

Alerts, prompts, or cues used to recall or recognize information, tasks, or responsibilities that might otherwise be forgotten.

Treats

Small rewards or gifts given to someone or oneself, usually as a form of positive reinforcement or celebration.