A Decrease in Long-Run Average Costs Resulting from Decreases in Output

question 340

Multiple Choice

A decrease in long-run average costs resulting from decreases in output is

• A) attributed to constant returns to scale.
• B) attributed to economies of scale.
• C) attributed to the law of diminishing marginal product.
• D) attributed to diseconomies to scale.

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Definitions:

Form Design

A layout process for structuring and organizing user input fields in software or web applications to facilitate data entry and communication.

Navigation Pane

A graphical user interface component that displays the main navigation options or hierarchy of a software application or website.

Shortcut Menu

A context-sensitive menu that appears upon user interaction, such as right-clicking, providing quick access to frequently used commands.

Title Bar

The horizontal bar at the top of a window that displays the name of the application or document.