When Industry Output Increases,a Firm Would Realize an External Economy

question 45

Multiple Choice

When industry output increases,a firm would realize an external economy of scale exists when

• A) its average total cost curve shifts downward
• B) its average total cost curve shifts upward
• C) it slides downward along its existing average total cost curve
• D) it slides upward along its existing average total cost curve

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Definitions:

Conversion Symptom

A physical manifestation of a psychological conflict, causing symptoms affecting voluntary motor or sensory functioning, such as paralysis or blindness, without a medical cause.

Numbness

A sensation of loss or reduction in the ability to feel touch or sensation, typically affecting a part of the body.

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The distal extremity of the fingers, containing dense areas of touch receptors and playing a crucial role in tactile sensation.

Biofeedback Training

A therapy technique that teaches individuals to control physiological processes such as heart rate or muscle tension by providing real-time feedback.