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

Understand the role and objectives of preventive disciplines in encouraging employees to follow rules and maintain standards.

Recognize different communication systems (downward, upward) and their purposes within organizations.

Understand the consequences of different forms of electronic communication in the workplace.

Identify and apply the steps key to implementing positive discipline in the workplace.

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Definitions:

Neutral

Not favoring any side in a conflict, competition, or comparison; impartial.

Debasement

The reduction in quality or value of something, often deliberately for personal gain or advantage.

Incapable

Lacking the ability, means, or competence to accomplish a task or fulfill a role.

Expensive Watch

A high-priced timepiece, often a luxury item, known for its craftsmanship, brand, materials, and mechanical innovation.