A Firm Experiences ________ When Its ________ Downward as Output

question 70

Multiple Choice

A firm experiences ________ when its ________ downward as output increases.

• A) diseconomies of scale; average total cost curve slopes
• B) economies of scale; long-run average cost curve slopes
• C) diminishing marginal returns; long-run average cost curve slopes
• D) diminishing marginal returns; average total cost curve shifts

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Definitions:

Cancer Cells

Abnormal cells that divide uncontrollably and have the potential to invade or spread to other parts of the body.

HIV

Human Immunodeficiency Virus (HIV) is a virus that attacks and weakens the immune system, leading to a progressive failure of immune response and increased susceptibility to infections and diseases.

AIDS

Acquired Immunodeficiency Syndrome, a life-threatening condition caused by the human immunodeficiency virus (HIV), leading to a severe weakening of the immune system.

Infectious Agent

A biological entity that can cause disease or illness to its host, such as bacteria, viruses, fungi, or parasites.