The Figure Given Below Shows Three Short Run Average Total

question 73

Multiple Choice

The figure given below shows three Short Run Average Total Cost (SRATC) curves and the Long Run Average Total Cost (LRATC) curve of a firm.Figure 8.3

-If long-run costs are plotted on the vertical axis and quantity of output plotted on the horizontal axis, a positively sloped line implies _____.

• A)constant returns to scale
• B)economies of scale
• C)diseconomies of scale
• D)an increase in capital-labor ratio
• E)a decrease in cost-output ratio

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Definitions:

Tachypnea

A condition characterized by abnormally rapid breathing, which can be a symptom of various medical conditions or result from physical exertion.

Tracheal Deviation

a condition where the trachea, or windpipe, is displaced or shifted from its normal anatomical position, often indicative of an underlying medical issue.

Pneumothorax

Pneumothorax is a medical condition where air leaks into the space between the lung and chest wall, causing the lung to collapse.

Bradypnea

An abnormally slow breathing rate, which can be indicative of various health conditions.