Increasing Marginal Returns Means That as the Firm Expands Its

question 384

Multiple Choice

Increasing marginal returns means that as the firm expands its output, its

• A) long-run average total cost increases.
• B) long-run average total cost decreases.
• C) short-run average total cost increases.
• D) short-run average total cost decreases.

---

Definitions:

Ethical Behaviour

The practice of conducting oneself according to recognized moral principles, ensuring actions are right and good.

Cultural Context

The social, religious, economic, and political conditions that affect the interpretation and implementation of ideas, behaviors, and communications.

Ethical Dilemma

A situation in which a decision must be made between two or more morally correct actions that are in conflict.

Discrimination

Unfair treatment of individuals based on their membership in certain groups, such as race, gender, or age.