If a Firm's Long- Run Average Cost Is $4 and When

question 28

Multiple Choice

If a firm's long- run average cost is $4 and when output increases long- run average cost increases to $4.50, the firm is experiencing _______ .

• A)economies of scale
• B)constant returns to scale
• C)diseconomies of scale
• D)a shift in its long- run average cost curve

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Definitions:

Humane Prison System

A correctional system designed with the primary goals of treating inmates with dignity, respect, and ensuring their rights, aiming for rehabilitation over punishment.

Dominant Purpose

The primary intent or main objective behind an action or decision, especially in legal contexts to determine the predominant reason.

Ethical Problems

Situations or issues requiring a choice between actions that must be evaluated as right or wrong based on moral principles.

Parole and Probation

Systems of supervised release from prison (parole) or alternative sentencing options (probation) that aim to rehabilitate offenders.