If the Total Cost Curve Gets Steeper as Output Increases

question 45

Multiple Choice

If the total cost curve gets steeper as output increases, the firm is experiencing

• A)diseconomies of scale.
• B)economies of scale.
• C)diminishing marginal product.
• D)increasing marginal product.

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Definitions:

Thoroughfare Channels

In traditional Chinese medicine, energy pathways that allow Qi and blood to circulate throughout the body, connecting different organs and bodily functions.

Contracting

The process of muscle fibers shortening to produce movement or increase tension against a load.

Pressure Gradients

The difference in pressure between two points in a fluid or gas, driving the movement of the fluid from areas of high pressure to areas of low pressure.

Vascular System

The network of blood vessels in the body, including arteries, veins, and capillaries, which circulate blood.