A Downward-Sloping Portion of a Long-Run Average Total Cost Curve

question 161

Multiple Choice

A downward-sloping portion of a long-run average total cost curve is the result of

• A) economies of scale.
• B) diseconomies of scale.
• C) diminishing returns.
• D) the existence of fixed resources.

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Definitions:

Learning

Relatively persistent or even permanent change in behavior that results from experience.

Experience

The knowledge or skill acquired by a period of practical exposure to events or activities, often influencing behavior or perceptions.

Phonological Awareness

The skill of recognizing and manipulating sounds in language, such as rhyming, blending sounds, and segmenting words into syllables.

Dyslexia

Impairment in learning to read and write; probably the most common learning disability.