In the Long Run, When an Increase in the Quantity

question 60

Multiple Choice

In the long run, when an increase in the quantity of output decreases average total cost, a firm experiences:

• A)economies of scale.
• B)diseconomies of scale.
• C)constant economies to scale.
• D)minimum average total cost.

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Definitions:

Electroencephalograph (EEG)

A diagnostic tool that records the electrical activity of the brain, important for identifying conditions such as epilepsy.

Sleep Spindles

Bursts of oscillatory brain activity visible on an EEG that occur during stage 2 of sleep and are thought to be involved in processing memory and learning.

Stage 2 Sleep

A period of light sleep before entering deeper sleep stages, characterized by specific brain wave patterns.

Rotating Shift Schedule

A work scheduling system where employees alternate their work hours across various shifts, to cover different parts of the day and night.