The Figure Given Below Shows Three Short Run Average Total

question 73

Multiple Choice

The figure given below shows three Short Run Average Total Cost (SRATC) curves and the Long Run Average Total Cost (LRATC) curve of a firm.Figure 8.3

-If long-run costs are plotted on the vertical axis and quantity of output plotted on the horizontal axis, a positively sloped line implies _____.

• A)constant returns to scale
• B)economies of scale
• C)diseconomies of scale
• D)an increase in capital-labor ratio
• E)a decrease in cost-output ratio

Understand the difference between aggression, assertiveness, and defensiveness.

Acknowledge the significance of applying emotional intelligence practically.

Understand the concept of negative game playing in relationships.

Understand the concept of emotional intelligence and its clusters.

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Definitions:

Differentiation Positioning

A marketing strategy in which a brand or product is positioned to stand out from competitors through unique features or benefits.

Unique Product Attributes

Unique product attributes are distinctive features or characteristics that set a product apart from its competitors, catering to specific customer needs or preferences.

Positioning Product

The strategy of designing and representing a product or service to occupy a distinctive and appealing image in the minds of the target market.

Differentiators

Features or attributes of a product or service that set it apart from competitors in the eyes of the target audience.