Increasing Returns to Scale for a Firm Is Shown Graphically

question 18

Multiple Choice

Increasing returns to scale for a firm is shown graphically by

• A)an upward- sloping long- run average cost curve.
• B)a vertical long- run average cost curve.
• C)a horizontal long- run average cost curve.
• D)a downward- sloping long- run average cost curve.
• E)None of the above; returns to scale have nothing to do with the shape of the long- run average cost curve.

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Definitions:

Senescence

The gradual deterioration of functional characteristics in organisms that leads to aging and increased mortality.

SSRIs

Selective Serotonin Reuptake Inhibitors, a class of drugs commonly used to treat depression by increasing levels of serotonin in the brain.

Serotonin Reuptake

A process by which neurotransmitters are reabsorbed by the neuron after being released into the synapse, relevant in the treatment of depression.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, carrying genetic information.