Over the Short Run,a Non-Linear Cost Function Would MOST Likely

question 60

Multiple Choice

Over the short run,a non-linear cost function would MOST likely result from all of the following EXCEPT:

• A)quantity discounts for each additional 10 000 parts purchased.
• B)hiring a third production supervisor.
• C)purchasing another $250 000 printing machine to double production.
• D)incurring greater total utility costs for each machine-hour of operation.

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Definitions:

Bank Credit Cards

Financial instruments issued by banks that allow holders to borrow funds up to a predetermined limit for purchases or cash withdrawals.

Durable Goods

Goods that are designed to last and be used over a long period, such as vehicles, appliances, and furniture.

Nondurable Goods

Goods that are consumed or are only usable for a short period of time before they are depleted or become useless.

Consumer Spending

The total amount of money spent by individuals and households on goods and services for personal use, a key driver of economic activity.