Laura funded part of her college education with federal loans. She obtained a job right after graduation, but it does not pay well. She wants to extend the time she has to start paying on her student loans. Under what circumstances can Laura qualify for loan deferment?

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g