If Output Is Increased in the Long Run, Average Production

question 25

Multiple Choice

If output is increased in the long run, average production costs in the presence of internal diseconomies of scale will ________, and in the presence of external diseconomies of scale, will ________.

• A) decrease; decrease
• B) increase; remain constant
• C) remain constant; increase
• D) decrease; remain constant
• E) increase; decrease

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Definitions:

Team Learning

The process by which a group collectively acquires, shares, and integrates knowledge to improve its capabilities and achieve common objectives.

Human Actions

Any behaviors, deeds, or activities carried out by individuals, usually with intentionality or purpose.

Interrelated Events

Events that are connected or linked in such a way that one affects or influences the other.

Conceptualize Change

The process of forming a clear and precise concept or idea of how change can be achieved in a specific context.