If Long-Run Average Total Cost Decreases as Output Increases, This

question 141

Multiple Choice

If long-run average total cost decreases as output increases, this is due to

• A)declining average fixed costs.
• B)the law of diminishing returns.
• C)economies of scale.
• D)externalities.

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Investor

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Contract Value

The total worth or financial commitment of a contract, encompassing all terms, services, or products agreed upon.

Earn

To receive money or another form of payment in exchange for services provided or through investment.

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