At a Particular Output Level, If a Firm's Long- Run

question 49

Multiple Choice

At a particular output level, if a firm's long- run marginal cost is $8 and its long- run average cost is $10, the firm is likely to be experiencing_______ .

• A)economies of scale
• B)constant returns to scale
• C)diseconomies of scale
• D)sunk costs

Identify the role of human agency and actors in exchange theories.

Examine the application of rational choice theory at different sociological levels.

Understand the principles and applications of ethnomethodological conversation analysis.

Identify the process of accounting in ethnomethodology and its implications.

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Definitions:

Surfactant

A substance that reduces surface tension, in biological systems, it primarily refers to a substance in the lungs that prevents the air sacs from collapsing.

Lanugo

Fine, soft hair that covers the body of a fetus, which is usually shed before birth.

Cleavage

A process of cell division in the early embryonic stage that leads to the formation of a multicellular embryo.

Morula

An early stage in embryonic development that follows fertilization, featuring a solid ball of cells resulting from the division of a zygote.