In a Decreasing-Cost Industry, an Increase in Output Will Lead

question 121

Multiple Choice

In a decreasing-cost industry, an increase in output will lead to

• A) an upward shift in the ATC curve.
• B) an upward shift in the MC curve.
• C) a reduction in long-run per-unit costs.
• D) an increase in long-run per-unit costs.

---

Definitions:

Group Test Day

A specific day designated for assessing the performance, knowledge, or skills of a group through tests or evaluations.

Prediscussion Polling

The practice of collecting individual opinions before a group discussion takes place.

Common Information Effect

this phenomenon occurs when group members tend to focus and give more weight to information that everyone in the group knows, often at the expense of unique but possibly more valuable information.

Intervention

A deliberate process or action taken to improve a situation or address a problem within a team or organizational context.