Refer to the Graph Shown

question 17

Multiple Choice

Refer to the graph shown. The output range in region c is associated with:

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

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Definitions:

Public Benefit

A positive outcome or advantage that serves the general population or community at large.

Equilibrium Price

The price at which the quantity of a product demanded by consumers and the quantity supplied by producers are equal.

Government Tax

Required payments to the government, deducted from workers' salaries and company earnings, or applied to the prices of specific items, services, and activities.

Tax Revenue

Consists of the income that a government gains from taxation, which is used to fund public services and obligations.