The Table Given Below Shows the Average Total Cost of Production

question 61

Multiple Choice

The table given below shows the average total cost of production of a firm at different levels of the output.Table 8.5

-In the long run,

• A)some resources are variable and some resources are fixed.
• B)all the resources can be varied.
• C)all resources are fixed.
• D)at least one resource is fixed.
• E)there are no explicit costs.

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Definitions:

DARN Mnemonic

A tool consisting of four key components—Desire, Ability, Reasons, and Need—used in motivational interviewing to explore the client's motivation for change.

Counselor Communication

The skills and techniques used by counselors to facilitate understanding, build rapport, and support clients in the therapeutic process, including verbal and non-verbal methods.

Listening

The act of giving attention to sound or action; actively receiving information through auditory means.

DARN Mnemonic

A technique in motivational interviewing that stands for Desire, Ability, Reasons, and Need, used to help clients express motivation to change.