If, When a Firm Doubles All Its Inputs, Its Average

question 42

Multiple Choice

If, when a firm doubles all its inputs, its average cost of production increases, then production displays

• A)diminishing returns.
• B)economies of scale.
• C)diseconomies of scale.
• D)declining fixed costs.

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Definitions:

Hallucination

The perception of something not present, often involving seeing or hearing things that aren't there.

Subjective State

A psychological condition based on an individual's inner experiences and feelings.

Physiological Changes

Alterations or modifications in the functions or structures of living organisms, often as a response to environmental factors or developmental processes.

Emotions

Complex feelings that result from one's circumstances, mood, or relationships with others.