If a Firm's Long- Run Average Cost Remains at $4

question 42

Multiple Choice

If a firm's long- run average cost remains at $4 when output increases, 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:

Bipolar Disorder

A mental health condition characterized by extreme mood swings including emotional highs (mania or hypomania) and lows (depression).

Brain Structure

A distinct area or region of the brain formed by a large group of neurons.

Manic Episode

A period of abnormally elevated, expansive, or irritable mood and high energy levels, often seen in bipolar disorder.

Hypomania

A milder form of mania characterized by elevated mood, increased activity or energy levels, but not severe enough to cause significant impairment or require hospitalization.