When Long-Run Average Cost Increases as Output Increases There Are

question 63

Multiple Choice

When long-run average cost increases as output increases there are

• A) economies of scale.
• B) diseconomies of scale.
• C) constant returns to scale.
• D) none of the above.

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Definitions:

Problem or opportunity

A situation that presents difficulties needing to be solved or chances that offer possibilities for positive outcomes.

Choosing a course

The process of selecting an educational or training path that aligns with one's interests, career goals, or academic requirements.

Decision-making model

A conceptual framework or process used to make systematic and informed choices among available options.

Vroom, Yetton, and Jago

Refers to a model of decision-making that outlines how leaders can choose among different leadership styles based on certain situational variables.