Increasing Returns to Scale for a Firm Is Shown Graphically

question 90

Multiple Choice

Increasing returns to scale for a firm is shown graphically by

• A) a horizontal long- run average cost curve.
• B) a downward- sloping long- run average cost curve.
• C) an upward- sloping long- run average cost curve.
• D) a vertical long- run average cost curve.
• E) none of the above; returns to scale have nothing to do with the shape of the long- run average cost curve.

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Definitions:

Alienation

A state of feeling isolated or estranged from certain aspects of life, including work, social settings, or self, often leading to feelings of powerlessness and disconnect.

Horney's Theory

Karen Horney's theory which emphasized the role of social relationships in the development of personality, particularly focusing on the strategies used by individuals to cope with anxiety.

Idealized Image

A mental image of oneself that represents perfection or an ideal standard, which might not accurately reflect reality.

Horney's Theory

A psychoanalytic theory proposed by Karen Horney that focuses on social and cultural factors influencing personality development, emphasizing the concept of basic anxiety and neurotic needs.