Examlex

Solved

In the Short Run Average Costs Eventually ________ Because of Diminishing

question 229

Multiple Choice

In the short run average costs eventually ________ because of diminishing returns, and in the long run average costs eventually ________ because of diseconomies of scale.


Definitions:

Temperate Lakes

Lakes found in temperate climates, which have moderate temperatures and distinct seasonal changes.

Epilimnion

The upper layer of water in a stratified lake, characterized by warmer temperatures and high oxygen levels compared to deeper layers.

Hypolimnion

The colder, denser, bottom layer of water in a stratified lake, lying below the thermocline and not mixing with the warmer, upper layers.

Eutrophic Lake

A body of water characterized by high levels of nutrients leading to an abundance of plant life and depletion of oxygen, which can be detrimental to other organisms.

Related Questions