When the Long-Run Average Total Cost Curve Is Downward-Sloping as Output

question 305

True/False

When the long-run average total cost curve is downward-sloping as output increases,the firm has diseconomies of scale.

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Definitions:

Encourage Bleeding

A medical procedure or advice aimed at promoting or allowing bleeding, used in specific therapeutic contexts such as reducing pressure or toxicity in a localized area.

Septicemia

A systemic disease associated with presence of pathogenic microorganisms or their toxins in blood.

Microorganisms

Tiny living organisms, such as bacteria, viruses, fungi, and protozoa, that can only be seen under a microscope and play various roles in the environment, human body, and disease.

Leukocytosis

An increase in the number of white blood cells.