When a Firm Is Experiencing Economies of Scale, Long-Run

question 258

Multiple Choice

When a firm is experiencing economies of scale, long-run

• A)average total cost is minimized.
• B)average total cost is greater than long-run marginal cost.
• C)average total cost is less than long-run marginal cost.
• D)marginal cost is minimized.

---

Definitions:

Obedience

The act of following orders or directives from an authority figure, even if they are against one's personal wishes.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Heterosexual Couples

Partnerships or pairings consisting of one male and one female who are romantically and/or sexually attracted to individuals of the opposite sex.

Altruistic Behavior

Selfless actions or behavior aimed at benefiting others without expecting anything in return.