The Table Given Below Shows the Average Total Cost of Production

question 61

Multiple Choice

The table given below shows the average total cost of production of a firm at different levels of the output.Table 8.5

-In the long run,

• A)some resources are variable and some resources are fixed.
• B)all the resources can be varied.
• C)all resources are fixed.
• D)at least one resource is fixed.
• E)there are no explicit costs.

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Definitions:

Acid

An acid is a substance that can donate a hydrogen ion (H+) to another substance and is typically characterized by a sour taste and the ability to turn blue litmus red.

Acid-Catalyzed

A type of chemical reaction that is sped up in the presence of an acid, which acts as a catalyst.

α-Bromination

The addition of a bromine atom to the alpha position of a carbonyl compound in organic chemistry, often used in synthesis reactions.

Nucleophile

An atom or molecule that donates an electron pair to an electrophile to form a chemical bond in reaction mechanisms.