-If You Wanted to Produce at an Output of 80,in

question 21

Multiple Choice

-If you wanted to produce at an output of 80,in the long run you would choose a plant whose size is represented by

• A)ATC1.
• B)ATC2.
• C)ATC3.
• D)ATC4.
• E)ATC5.

---

Definitions:

Capacity Management

The process of planning and controlling a business or organization's resources to ensure it can meet demand, both current and future, without excessive costs or waste.

Time Flexibility

The adaptability of schedules or timelines to accommodate changes or unforeseen events, often enhancing efficiency or satisfaction.

Overall Demand

Refers to the total market need for a product or service over a specified period.

Product Flexibility

The ability of a company to modify its products to adapt to changes in consumer preferences or market demands.