The ABC Corporation Decreases All of Its Inputs by 12

question 154

Multiple Choice

The ABC Corporation decreases all of its inputs by 12 percent and finds that its output falls by only 8 percent. This means that initially it was producing

• A) in the range of diseconomies of scale.
• B) in the range of economies of scale.
• C) where AP is less than MP.
• D) at the point of minimum efficient scale.

---

Definitions:

Societal Ideal

A culturally constructed expression of the desired principles, behaviors, and social norms upheld by a society or community as benchmarks of perfection or excellence.

Emotional Problems

Difficulties in managing one's emotions that result in distress or impaired functioning.

Teenage Birth Rate

The number of live births per 1,000 adolescent females aged 15-19 years in a given year.