A Firm Is Operating in Its Range of Economies of Scale

question 274

Multiple Choice

A firm is operating in its range of economies of scale and is on both its LRAC curve and its short-run ATC curve. At that level of output, the slope of its LRAC curve is

• A) zero and the slope of its ATC curve is zero.
• B) zero and the slope of its ATC curve is negative.
• C) negative and the slope of its ATC curve is zero.
• D) negative and the slope of its ATC curve is negative.

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Definitions:

Selective Serotonin Reuptake Inhibitors

A class of drugs commonly prescribed to treat depression and anxiety by increasing levels of serotonin in the brain.

Anxiety

A feeling of fear, dread, and unease, often as a reaction to stress, where it can affect daily function when excessive.

Medication Effective

The extent to which a drug achieves its intended result in the clinical treatment of a condition or disease.

Mindfulness

Mindfulness is the practice of being present and fully engaged in the current moment without judgment, often used as a technique in stress reduction and mental well-being.