As Output Expands, the Slope of the Average Total Cost

question 142

Multiple Choice

As output expands, the slope of the average total cost curve

• A)stays negative throughout
• B)stays positive throughout
• C)is first negative and then positive
• D)is first positive and then negative
• E)is constant

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Definitions:

U.S. Aid Programs

Initiatives provided by the United States government intended to help other countries in terms of economic development, health care, infrastructure, and education.

Growth Obstacle

Factors or conditions that hinder the economic growth and development of a country or region, such as poor infrastructure or political instability.

Standard Of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.

Natural Resources

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.