For Economies of Scale, A(n) ________ in a Firm's Scale

question 288

Multiple Choice

For economies of scale, a(n) ________ in a firm's scale of production leads to ________ average total cost.

• A) increase; lower
• B) increase; higher
• C) decrease; lower
• D) decrease; no change in

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Definitions:

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli.

Neil Smelser

A renowned sociologist known for his work on collective behavior, social change, and the sociology of education among other fields.

Social Rewards

Benefits or positive outcomes that are derived from social relations and interactions, such as acceptance, recognition, and support.

Relative Deprivation

Relative deprivation is an intolerable gap between the social rewards people feel they deserve and the social rewards they actually receive.