The Table Given Below Shows the Average Total Cost of Production

question 98

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

-Diseconomies of scale:

• A)occur only in the short run.
• B)occur when at least one resource is fixed and unit costs decrease as the quantity of production increases.
• C)occur when at least one resource is fixed and unit costs increase as the quantity of production increases.
• D)are represented by the upward-sloping portion of the short run average total cost curve.
• E)occur when all resources are variable and unit costs increase as the quantity of production increases.

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Definitions:

Black Underclass

A segment of the African American population that faces severe socio-economic disadvantages and systemic inequalities.

Manufacturing Jobs

Employment in industries that produce goods in large quantities using raw materials, machinery, and labor, ranging from textiles and automobiles to electronics.

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A network of roads and highways built and maintained by a governmental entity for public use, facilitating transportation and communication across regions.

Working-Class Blacks

African American individuals who are part of the working class, highlighting their economic status and experiences in the labor market.