When a Firm's Long-Run Average Total Cost Falls as Its

question 25

Multiple Choice

When a firm's long-run average total cost falls as its output increases, the firm is experiencing

• A) constant returns to scale.
• B) decreasing marginal returns.
• C) economies of scale.
• D) decreasing cost of marginal returns.
• E) diseconomies of scale.

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Definitions:

Public Prosecutor

An attorney appointed or elected to represent the state in criminal proceedings against persons accused of committing crimes.

Prosecuting Attorney

A legal officer who represents the government in criminal proceedings, charging and trying cases against individuals accused of crimes.

County Attorney

A public official who provides legal advice and representation to the county government and prosecutes criminal cases at the county level.

Criminal Law

The body of law that relates to crime, prescribing conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.