If Constant Returns to Scale Are Present

question 23

Multiple Choice

If constant returns to scale are present,

• A)average total cost is decreasing.
• B)average total cost is increasing.
• C)the LRAC curve is horizontal.
• D)the LRAC curve is downward sloping.
• E)the LRAC curve is upward sloping.

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Definitions:

Counterculture Movement

A social movement that rejects and opposes mainstream cultural norms and values, notably prominent during the 1960s in the United States.

Rallying Cry

A phrase or slogan used to inspire and unify a group of people towards a common goal or in protest against a perceived injustice.

Democratic Party Convention

A significant gathering where the Democratic Party in the United States selects its presidential candidate and establishes party platform and policies.

Antiwar Activists

Individuals or groups opposing war, advocating for peace, and often protesting against military actions and policies.