The U-Shaped Average Total Cost Curve Is

question 152

Multiple Choice

The U-shaped average total cost curve is

• A) a result of firms' wanting to find the output level where cost is at its minimum.
• B) unrealistic because average total cost always increases as output increases.
• C) the result of average fixed cost falling and decreasing marginal returns as output increases.
• D) a result of constant marginal returns.
• E) a result of increasing marginal returns.

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Definitions:

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Disparities in treatment, opportunities, and outcomes experienced by individuals based on their race.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939 to help recover from the Great Depression.

Southern Democrats

Members of the Democratic Party in the southern United States, historically associated with pro-slavery and segregationist policies until the mid-20th century.