If Producing More Output Increases Average Cost Then

question 35

Multiple Choice

If producing more output increases average cost then

• A)there are diseconomies of scale.
• B)there are economies of scope.
• C)there are diseconomies of scope.
• D)there are no economies of scale.

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Definitions:

Private Economic Relations

Economic interactions and transactions that occur between private individuals or entities without direct government intervention or oversight.

Civil Liberties

Fundamental rights and freedoms that are protected from infringement by the government, such as freedom of speech, privacy, and equal rights.

Espionage Act

A United States federal law passed in 1917 that was aimed at preventing interference with military operations, supporting enemy nations, and promoting insubordination in the military.

First Amendment

An amendment to the United States Constitution that guarantees freedoms concerning religion, expression, assembly, and the right to petition.