When ________ Scale of Production Leads to ________ Average Costs

question 337

Multiple Choice

When ________ scale of production leads to ________ average costs, an industry exhibits decreasing returns to scale.

• A) decreased; higher
• B) increased; unchanging
• C) increased; higher
• D) increased; lower

Comprehend the legal and ethical considerations in professional communication.

Appreciate the role of clarity, brevity, and appropriate tone in business writing.

Understand the best practices for ensuring responses to requests.

Recognize the importance of structural conventions in professional writing.

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Definitions:

Passive Institutions

Organizations or entities that do not take an active role in initiating actions or decisions but rather respond to actions initiated by others.

Enabling Legislation

Laws passed by a legislative body that gives the necessary authority to a government entity to carry out specific powers or functions.

Separation of Powers

A principle of governance in which the state's responsibilities are divided among separate branches—typically the legislative, executive, and judicial—to prevent misuse of power and ensure a balance.

Founding Principles

Fundamental concepts or beliefs that form the basis of a system, organization, or society.