Use the Figure Below to Answer the Following Questions

question 68

Multiple Choice

Use the figure below to answer the following questions.

Figure 11.4.4
-Refer to Figure 11.4.4, which illustrates the long-run average total cost curve. Which one of the following statements is false?

• A)Economies of scale exist between 0 and Q₀ units of output.
• B)Diseconomies of scale exist between 0 and Q₁ units of output.
• C)Constant returns to scale exist between Q₁ and Q₂ units of output.
• D)Diseconomies of scale exist at quantities greater than Q₂ units of output.
• E)Constant returns to scale exist between Q₀ and Q₁ units of output.

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Definitions:

Behaviors

The actions or reactions of an individual or group in response to external or internal stimuli.

Work/Life Balance

The equilibrium between professional responsibilities and personal life activities and well-being.

Reluctant

Characterizes a feeling of unwillingness or hesitation to do something.

Job Sharing

An employment arrangement where two or more people share the responsibilities and duties of one full-time job.