Economies and Diseconomies of Scale Are Associated with The

question 255

Multiple Choice

Economies and diseconomies of scale are associated with the:

• A)long-run average total cost curve and the long run.
• B)short-run average total cost curve and the short run.
• C)marginal cost curve and both the long and short run.
• D)average fixed cost curve and the short run.

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Definitions:

Telescope Manufacturing

The industry involved in designing, producing, and distributing optical telescopes, equipment used to observe distant objects by collecting electromagnetic radiation.

Horizontal Analysis

A financial analysis technique that compares line items in financial statements over a series of periods to identify trends.

Net Sales

The total revenue from sales of goods or services, minus returns, allowances, and discounts.

Operating Expenses

Costs associated with running a business's core operations on a day-to-day basis, excluding the cost of goods sold.