When Long- Run Average Cost Increases as Output Increases There

question 79

Multiple Choice

When long- run average cost increases as output increases there are

• A) constant returns to scale.
• B) diseconomies of scale.
• C) economies of scale.
• D) None of the above.

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Definitions:

Compensatory Damages

Financial compensation awarded to a plaintiff to cover actual losses or damages as a result of the defendant's actions.

Worthless Securities

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The comprehensive investigation or exercise of care that a reasonable business or person is expected to undertake before entering into an agreement or transaction.

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Significant errors or falsehoods in a financial statement or other crucial documents.