Figure 711 Figure 7

question 129

Multiple Choice

Figure 7.11 Figure 7.11 illustrates the long-run average cost curve for a firm that produces picture frames.The graph also includes short-run average cost curves for three firm sizes: ATC_a, ATC_b and ATC_c.
-Refer to Figure 7.11.Constant returns to scale

• A)occur for output rates greater than 5000 picture frames.
• B)occur between 5000 and 20 000 picture frames per month.
• C)occur between 10 000 and 20 000 pictures frames per month.
• D)will shift the long-run average cost curve downward.

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Definitions:

Disrespected

Feeling undervalued or not shown proper consideration or courtesy by others.

Prioritize

To arrange or deal with in order of importance.

Paraphrase

Verbal summary of the key ideas of your partner’s message that helps you check the accuracy of your understanding.

Polarization

The process or phenomenon by which opinions, attitudes, or behaviors become more extreme or divided among members of a group or society.