Use the Figure Below to Answer the Following Questions

question 101

Multiple Choice

Use the figure below to answer the following questions.
Figure 11.4.4
-Refer to Figure 11.4.4,which illustrates the long-run average total cost curve.Given an increase in output from Q₁ to Q₂,

• A)economies of scale exist.
• B)diseconomies of scale exist.
• C)constant returns to scale exist.
• D)average total cost is increasing.
• E)average total cost is decreasing.

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Definitions:

Grandiose View

An inflated self-perception, often characterized by overestimation of one's importance or abilities.

Narcissism

A psychological condition marked by an inflated sense of self-importance, need for admiration, and lack of empathy for others.

Self-efficacy

The belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.

Basic Tasks

Fundamental activities or duties that individuals commonly engage in or are expected to perform in daily life or specific contexts.