In the Long Run a Company That Produces and Sells

question 470

Multiple Choice

In the long run a company that produces and sells organic tofu incurs total costs of $1,200 when output is 1,200 units and $1,650 when output is 1,400 units. The tofu company exhibits

• A)diseconomies of scale because total cost is rising as output rises.
• B)diseconomies of scale because average total cost is rising as output rises.
• C)economies of scale because total cost is rising as output rises.
• D)economies of scale because average total cost is falling as output rises.

Differentiate between nominal and real variables and their significance in economic analysis.

Recognize the long-run determinants of the price level and inflation rate.

Understand the concept of contraceptive methods and their respective failure rates.

Recognize the psychological and physiological factors affecting sexual activity and desire.

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Definitions:

Black Community Leaders

Individuals within the African American community who have taken on roles of advocacy, organization, and leadership to promote the welfare and rights of their communities.

Black Flight

Refers to the phenomenon of African Americans migrating from cities to suburban areas, similar to "white flight" but occurring in different periods and contexts.

Southern Community Leaders

Influential figures within communities in the Southern United States who often play significant roles in local governance, social, and cultural affairs.

Afro-Caribbeans

People of African descent living in the Caribbean islands, whose ancestors were brought to the region as slaves to work on plantations.