Consider the Following Statements When Answering This Question: I

question 149

Multiple Choice

Consider the following statements when answering this question: I. A technology with increasing returns to scale will generate a long-run average cost curve that has economies of scale.
II) Diminishing returns determine the slope of the short-run marginal cost curve, whereas returns to scale determine the slope of the long-run marginal cost curve.

• A) I is true, and II is false.
• B) I is false, and II is true.
• C) Both I and II are true.
• D) Both I and II are false.

Acknowledge the recyclability of electronic products and the environmental responsibility of corporations.

Understand the conflict between loyalty and truthfulness in the business world and the role of whistle-blowers.

Recognize the significance of corporate efforts in environmental responsibility.

Comprehend legal protections against discrimination and harassment in the workplace.

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Definitions:

Amortization

The process of gradually writing off the initial cost of an asset over its useful life or pay down the principal of a loan over time.

Par Value

The nominal or face value of a stock or bond, as stated by the issuing corporation.