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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Skilled Labor

Workers who have specialized skills, training, or education that allow them to perform complex job tasks effectively.

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Economy

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Point P

This term could be referring to a specific point on a graph or chart, usually in a mathematical or economic context, representing a particular value or condition.