If Factories Are Operating Below Full Capacity,sales Can Increase Without

question 72

True/False

If factories are operating below full capacity,sales can increase without investment in fixed assets.However,beyond some sales level,new capacity must be added and additional investment in fixed assets must be made.

Identify the minimum price at which a firm would continue operating in the long run.

Understand how to label and interpret short-run and long-run supply curves on a graph.

Differentiate between most efficient output and most profitable output for the firm.

Analyze firm behavior under specific price conditions in both the short run and the long run.

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Definitions:

Raceway

An enclosed conduit that forms a physical pathway for electrical wiring, protecting wires and cables from damage and interference.

Ampacity

The maximum amount of electric current a conductor or device can carry before sustaining immediate or progressive deterioration.

Circular Mils

A unit of area used specifically in the calculation of wire cross-sectional areas, defined as the area of a circle with a diameter of one mil (one-thousandth of an inch).

Diameter

A straight line passing from side to side through the center of a body or figure, especially a circle or sphere.