In the Long Run a Company That Produces and Sells

question 442

Multiple Choice

In the long run a company that produces and sells laundry detergent incurs total costs of $2,500 when output is 1,250 units and $2,750 when output is 1,500 units. For this range of output, the laundry detergent company exhibits

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

---

Definitions:

Data Determining

Involves the process of using data to make decisions or draw conclusions in various contexts, such as research or business analytics.

Theories of Intelligence

Various conceptual models proposed to understand the nature, components, and development of human intelligence.

Global (g)

Often refers to the general intelligence factor in psychometric assessments, representing a person's overall cognitive ability.

Specific (s)

Particular elements or details within a broader category, emphasizing individual characteristics or components.