The Slope of a Long-Run Average Total Cost Curve Exhibiting

question 126

Multiple Choice

The slope of a long-run average total cost curve exhibiting diseconomies of scale is:

• A)zero.
• B)infinite.
• C)positive.
• D)negative.

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Definitions:

Impulse Buying

The act of purchasing items on the spur of the moment, often without prior planning.

Hardwired Heuristics

Cognitive shortcuts or rules of thumb that are ingrained or innate, often leading to quick decision-making or judgments.

Behavior Change

A modification in an individual's actions, habits, or attitudes, often targeted through various interventions for health or social improvement.

Faster Decisions

The process of making choices or conclusions more rapidly, often necessary in dynamic or time-sensitive environments for efficiency or competitive advantage.