Economies of Scale Exist When

question 32

Multiple Choice

Economies of scale exist when

• A)fixed cost decreases as output increases.
• B)long-run average cost decreases as output increases.
• C)long-run marginal cost is less than long-run average cost.
• D)both a and b
• E)both b and c

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A stage in moral development where individuals make ethical decisions based on universal principles and the internalization of these principles.

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The developmental period between childhood and adulthood, marked by physical, psychological, and social changes.

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Having or showing an unfair tendency to believe that one gender is better or more important than the other.