In the Long Run, When an Increase in the Quantity

question 1

Multiple Choice

In the long run, when an increase in the quantity of output increases 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:

Native Americans

The native populations in the United States, comprising both American Indian and Alaska Native communities.

Middle East

A transcontinental region centered on Western Asia and Egypt, characterized by its historical, cultural, religious, and geopolitical significance.

Divine

Pertaining to, or of the nature of God or a god; sacred.

Second Great Awakening

A religious revival movement in the early 19th century United States, which emphasized personal salvation, emotional expression in worship, and social activism.