Which of the Following Conditions Best Explain the Short-Run Economies

question 296

Multiple Choice

Which of the following conditions best explain the short-run economies of operation associated with production of an information product?

• A) AVC slopes downward, and AFC is constant, so that ATC slopes downward.
• B) AVC is constant, and AFC slopes downward, so that ATC slopes downward.
• C) AFC is constant, and MC slopes downward, so that AVC slopes downward.
• D) MC is constant, and MC slopes upward, so that AVC slopes upward.

---

Definitions:

Sea Lions

Marine mammals characterized by external ear flaps, long foreflippers, and the ability to walk on all fours, belonging to the family Otariidae.

Monkeys

Primates that are not apes or humans, typically having tails and less developed brains compared to apes, and are known for their agility and social behaviors.

Trait Theorists

Psychologists who focus on identifying, describing, and measuring individual differences in behavioral predispositions.

Reciprocal Determinism

A concept in psychology that suggests individual behavior and the environment influence each other in a two-way dynamic.