A Firm Is Said to Enjoy Economies of Scale Over

question 123

Multiple Choice

A firm is said to enjoy economies of scale over the range of output for which the long-run average cost is

• A) increasing.
• B) constant.
• C) decreasing.
• D) stagnant.

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Definitions:

Prometaphase

Phase of cell division that occurs between prophase and metaphase and is characterized by attachment of the spindle fibers to the kinetochores of each sister chromatid.

Metaphase

A stage of mitosis in cell division where chromosomes line up in the middle of the cell before being separated into two new cells.

Prophase

First phase of mitosis; characterized by the condensation of the chromatin; chromosomes are visible, but scattered in the nucleus.

Diploid Number

The total number of chromosomes in a cell or organism, consisting of two sets, one inherited from each parent; symbolized as 2n.