If There Are Diseconomies of Scale Within a Given Range

question 30

Multiple Choice

If there are diseconomies of scale within a given range of output,which of following is (are) TRUE?

• A) The short-run average cost curve must be upward sloping within that range of output.
• B) The long-run average cost curve must be upward sloping within that range of output.
• C) Long-run average cost must equal short-run average cost.
• D) All of the above.

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Definitions:

Generalist Practice

A broad approach to social work that integrates various methods and skills to address client issues at multiple levels of practice.

Cautious

Showing careful forethought to avoid danger or risks; being prudent in actions and decisions.

Involuntary Clients

Involuntary Clients are individuals who receive services or interventions without their consent, often mandated by legal systems, institutions, or agencies.

Intervention Process

The systematic procedure of assessing and responding to an individual's or group's needs through planned actions to facilitate change or improvement.