Figure 11-11 Illustrates the Long-Run Average Cost Curve for a Firm

question 32

Multiple Choice

Figure 11-11 illustrates the long-run average cost curve for a firm that produces picture frames.The graph also includes short-run average cost curves for three firm sizes: ATCa,ATCb and ATCc.
-Refer to Figure 11-11.In the short run,if the firm sells fewer than 5,000 picture frames per month

• A)it should produce with the scale of operation associated with ATCa.
• B)it should produce with the scale of operation associated with ATCb.
• C)it should produce with the scale of operation associated with ATCc.
• D)it will experience constant returns to scale.

---

Definitions:

DNA Synthesis

The process of constructing DNA molecules naturally or artificially through the enzyme-driven arrangement of nucleotides in a specific order.

Upstream

In genetics, refers to the sequences of DNA that are located before (5' to) the start of a gene, affecting its expression.

mRNA Sequence

A sequence of nucleotides in messenger RNA that specifies the order of amino acids in a protein.

Transcribed DNA Strand

The strand of DNA that serves as a template for RNA synthesis during the process of transcription.