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D Question 7 1 pts How do we construct the long-run Average Total Cost (IrATC) curve? O Combine the minimum points of all short-run ATC
D Question 7 1 pts How do we construct the long-run Average Total Cost (IrATC) curve? O Combine the minimum points of all short-run ATC curves O None of these O All of these Add the values of all short-run ATC curves together O Find the per-product average of all short-run ATC curves O Add long-run fixed costs to short-run ATC curves D Question 8 1 pts As they increase production levels, companies can end up with higher average total costs. This is referred to as 'diseconomies of scale'. Which of the following is NOT a reason for this effect? O Lack of Worker Motivation O Bureaucratic Decision Making O Increasingly Complex Systems O Managerial SpecializationD Question 4 1 pts Regarding the costs faced by a firm: In the short-run, [ Select ] [ Select ] Profit is zero In the long run, Capacity is fixed All costs are variable Labor is fixedHow do you calculate each of the following cost curve data? Total Cost [ Choose 1 [Choose] Total Cost + Marginal Cost Average Fixed Costs Total Cost e otal Product Marginal Cost : Total Product Change in Total Cost Fixed Cost a Total Product Average Variable Costs Variable Cost a Total Product Change in Fixed Cost Change in Marginal Cost Fixed Cost + Variable Costs Average Total Costs Choose Marginal Cost [Choose ] Question 6 1 pts A company's variable cost curve will be affected by a change in the cost of: 0 Resources 0 insurance 0 Rent 0 None of these 0 All or these 0 Depreciation
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