In the Long Run Firm a Incurs Total Costs of $1,200

question 228

Multiple Choice

In the long run Firm A incurs total costs of $1,200 when output is 30 units and $1,400 when output is 40 units.Firm A exhibits

• A) diseconomies of scale because total cost is rising as output rises.
• B) diseconomies of scale because average total cost is rising as output rises.
• C) economies of scale because total cost is rising as output rises.
• D) economies of scale because average total cost is falling as output rises.

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Definitions:

Social Goals

Objectives that relate to improving societal well-being and addressing the needs of a community or population.

Enhanced Profits

Increased earnings resulting from improved business operations, pricing strategies, cost reduction, or sales growth.

Triple Bottom Line Framework

This framework evaluates a company's performance in terms of social, environmental, and financial outcomes, emphasizing sustainability and corporate responsibility.

Corporate Performance

Corporate performance encompasses the evaluation of a company's financial and non-financial results, productivity, and effectiveness in achieving its strategic objectives and satisfying stakeholder expectations.