Figure 711 Figure 7

question 49

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.For output rates greater than 20 000 picture frames per month,

• A)the firm will not make a profit because the average cost of production will be too high.
• B)the firm will experience diseconomies of scale.
• C)the firm will experience diminishing returns.
• D)the short-run average total cost will equal the long-run average total cost of production.

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Definitions:

Mitosis

A type of cell division that results in two daughter cells each having the same number and kind of chromosomes as the parent nucleus, typical of ordinary tissue growth.

Meiosis II

The second division cycle in meiosis, analogous to mitosis, where sister chromatids are separated into four haploid daughter cells.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in four daughter cells, each genetically distinct from the parent cell.

Crossing Over

The exchange of genetic material between homologous chromosomes during meiosis, leading to variation in the genetic information passed to offspring.