The Following Are Cost Data for Four Different Size Plants

question 110

Multiple Choice

The following are cost data for four different size plants available to a competitive producer:

-Refer to the above information to answer this question.If the market price of this product is $60,which is the best size of plant?

• A)The plant represented by AC1.
• B)The plant represented by AC2.
• C)The plant represented by AC3.
• D)The plant represented by AC4.
• E)It depends on whether it is the short run or the long run.

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Definitions:

Rules and Authority

Principles or guidelines enforced by individuals or organizations in positions of power or control.

Sociometric Status

A measure of an individual's social standing within a group, based on the extent to which they are liked, disliked, chosen as a friend, or rejected by their peers.

Aggressive

Behaviors or tendencies that are hostile, destructive, or violent, often resulting from frustration or threat.

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Refers to rules or norms that govern behaviors within a society, including manners, etiquette, and social rituals, which can vary between cultures.