When a Firm's Long-Run Average Total Costs Do Not Vary

question 96

Multiple Choice

When a firm's long-run average total costs do not vary as output increases, the firm exhibits

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)an efficient use of resources.

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Definitions:

Trichromatic

A theory of color vision that proposes the eye detects colors through the response levels of three types of cones sensitive to different wavelengths.

Color Discrepancy

A difference in the perception or representation of colors between what is expected and what is perceived.

Trichromatic Theory

A theory explaining human color vision based on three types of cones sensitive to blue, green, and red wavelengths.

Receptors

Specialized cells or proteins that detect and respond to chemical signals, such as hormones or neurotransmitters.