In the Short Run Average Costs Eventually Increase Because of ________

question 197

Multiple Choice

In the short run average costs eventually increase because of ________, and in the long run average costs eventually increase because of ________.

• A) diminishing returns; diseconomies of scale
• B) diseconomies of scale; diminishing returns
• C) constant returns to scale; decreasing returns to scale
• D) increasing returns to scale; diseconomies of scale

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Definitions:

Human Resource Departments

Organizational divisions responsible for managing employee-related concerns, including recruitment, training, payroll, and benefits.

1960s

A decade marked by significant cultural, political, and social changes worldwide, occurring from 1960 to 1969.

Compulsory Retirement

The mandatory retirement of an employee once they reach a certain age, as dictated by company policy or national law.

National Labor Relations Act

A foundational statute in United States labor law that protects the rights of employees to organize and bargain collectively with their employers.