The Figure Below Shows the Long-Run Average Cost Curve for a Firm

question 53

Multiple Choice

The figure below shows the long-run average cost curve for a firm. Based on the figure, Point A shows _____.Figure 6-5

• A)the level of output at which the firm breaks even
• B)the level of output at which consumers attain maximum utility
• C)the level of output at which the firm attains its minimum efficient scale
• D)the level of output at which the firm earns zero economic profit​
• E)the level of output at which the marginal utility from consumption begins to diminish

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Definitions:

Stimulus

Any object or event that elicits a sensory or behavioral response in an organism.

Behavior

The actions or reactions of an organism, often in relation to the environment, including the mannerisms and actions of individuals.

Subjective Terms

Refers to language or descriptions that are influenced by personal feelings, opinions, or interpretations rather than objective facts.

Self-fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true due to positive feedback between belief and behavior.