If a Firm Has a Long- Run Average Cost of $4

question 94

True/False

If a firm has a long- run average cost of $4 when it produces 5,000 units of an input and has a long- run average cost of $2 when it produces $12,000 units, the firm is experiences economies of scale.

Recognize the importance of grammatical correctness in maintaining credibility in business writing.

Construct paragraphs with clear topic sentences and unified structure.

Apply effective methods of paragraph development including cause and effect, comparison or contrast, and classification.

Utilize transitions effectively to connect ideas within and between paragraphs.

---

Definitions:

Theodore Weld

A prominent leader in the American abolitionist movement during the early and mid-19th century, known for his powerful oratory and anti-slavery publications.

Sin

An act considered to be a transgression against divine law or ethical principles, often associated with religious belief systems.

Colonization Society

Often refers to organizations like the American Colonization Society, founded in the early 19th century to support the migration of free black people to Africa.