Economies of Scale Occur When a Firm's Long-Run Average Total

question 128

Multiple Choice

Economies of scale occur when a firm's long-run average total cost curve is:

• A) upward-sloping.
• B) vertical.
• C) downward-sloping.
• D) horizontal.

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Definitions:

Di Sotto In Sù

Italian, “from below upward.” A perspective view seen from below.

Quadratura

A technique of ceiling painting that uses trompe l'oeil and other forms of perspective to create the illusion of three-dimensional architecture on a flat surface.

Polychrome Terracotta

Refers to terracotta pottery or sculptures that have been painted in multiple colors, often found in ancient art.

Pazzi Chapel

A chapel located within the cloister of the Basilica di Santa Croce in Florence, Italy, notable for its Renaissance architecture designed by Filippo Brunelleschi.