Which of the Following Refers to a Short Run Phenomenon

question 108

Multiple Choice

Which of the following refers to a short run phenomenon?

• A) economies of scale
• B) constant returns to scale
• C) diseconomies of scale
• D) diminishing returns

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Definitions:

Thick

Thick refers to something with a greater cross-sectional dimension or consistency, often in comparison to something else that is thin or slim.

Flat Epithelium

Flat epithelium, also known as squamous epithelium, comprises a single layer of flat, scale-like cells lining surfaces involved in passive diffusion, such as blood vessels and air sacs of the lungs.

Goblet Cells

Epithelial cells that produce mucus, which serves as a protective lubricant lining various internal surfaces.