An Increase in Output Would Result in No Change in Long-Run

question 318

Multiple Choice

An increase in output would result in no change in long-run average costs when there are

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

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Definitions:

Peripheral Route

A method of persuasion that relies on superficial cues rather than the message's substantive aspects, as outlined in the Elaboration Likelihood Model of persuasion.

Scientific Data

Information collected through systematic observation or experimentation, used to validate or refute hypotheses.

Elaboration Likelihood Model

The idea that an individual’s thoughts about a persuasive message (rather than the message itself) determine whether attitude change will occur.

Peripheral Route

A method of persuasion that relies on superficial cues or associations, such as attractiveness or celebrity endorsement, rather than logical arguments.