Higher education levels and better management
A)Cause MPP to slope downward.
B)Shift the long-run ATC curve downward.
C)Lead to greater diseconomies of scale.
D)Shift the MC curve upward.

Question

Quizplus · Accepted Answer

Higher education levels and better management can lead to a more efficient use of resources and improved productivity, which would shift the long-run average total cost (ATC) curve downward. This is because the cost per unit decreases as output increases with better education and management. The other options are incorrect as they do not reflect the potential impact of education and management on the cost structure of a firm.

Higher Education Levels and Better Management