-Refer to Figure 8

question 43

Multiple Choice

-Refer to Figure 8.6,which shows just three of a firm's various possible short-run average cost curves.Suppose the firm increases its output from 130 units to 160 units.Which of the following statements is true?

• A) The average cost of producing the 160 units would be $90 if the firm expected the increase in production to be permanent
• B) The average cost of producing the 160 units would be $80 if the firm expected the increase in production to be permanent
• C) The average cost of producing the 160 units would be $175 if the firm expected the increase in production to be temporary
• D) The average cost of producing the 160 units would be $80 if the firm expected the increase in production to be temporary

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Definitions:

Automatic Attitudes

Immediate and instinctive evaluations that occur without conscious awareness towards people, objects, or issues.

Evaluative Responses

Positive or negative reactions, judgments, or assessments made in response to a particular stimulus or situation.

Broad Assortment

A wide or extensive range of different items, types, or categories, often presented together for choice or comparison.

Deliberate Assortment

A strategic selection and arrangement of a variety of items or individuals, typically intended to optimize outcomes or benefits in a given context.