The Figure Given Below Shows Three Short Run Average Total

question 92

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

-Which of the following would account for the shape of the long-run average-total-cost curve in Figure 8.3?

• A)Low worker morale
• B)Low productivity
• C)Administration overhead
• D)Specialization of labor
• E)Managerial problems

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Definitions:

Risk Checklists

Tools or lists used to identify, assess, and manage potential risks in a project or operation.

Project Logic Diagram

A visual representation of the logical sequencing of activities, tasks, and milestones required to achieve a project's objectives.

Milestone Schedule

A project management tool that outlines significant events or achievements as specific points along a project timeline.

Work Breakdown Structure

A hierarchical decomposition of a project into smaller components and work packages, making project management more manageable.