Which of the Following Explains Why Long-Run Average Total Cost

question 190

Multiple Choice

Which of the following explains why long-run average total cost at first decreases as output increases?

• A)Diseconomies of scale
• B)Less-efficient use of inputs
• C)Fixed costs becoming spread out over more units of output
• D)Gains from specialization of inputs

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Definitions:

Objective C

Objective C is a programming language used primarily for developing applications for Apple's iOS and macOS operating systems, combining elements of C and Smalltalk.

Fifth Generation Languages

Advanced computer programming languages, often based on solving problems using constraints rather than algorithms, characterized by their use of artificial intelligence.

Flowchart

A graphical representation of a process, showing the steps as boxes and their order by connecting them with arrows.

iOS Devices

Electronic gadgets such as iPhones and iPads that run on Apple's iOS mobile operating system.