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

question 64

Multiple Choice

At a particular output level, if a firm's long- run marginal cost is $10 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

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Definitions:

dsRNA

Double-stranded RNA, a molecular structure consisting of two complementary strands of RNA which can interfere with gene expression.

Single Stranded DNA

DNA consisting of only one strand, as opposed to the double-stranded structure of typical DNA, often found in some viruses.

Synthetic Strand DNA

refers to artificially created sequences of DNA that are synthesized to study genetic functions or for use in biotechnology.

Polydnaviruses

Virus particles that consist of multiple circles of dsDNA surrounded by capsid proteins and an envelope; they lack DNA coding for proteins needed for viral replication, but this DNA is provided by ovary cells of the wasps they inhabit.