When Long-Run Average Cost Decreases as Output Increases There Are

question 286

Multiple Choice

When long-run average cost decreases as output increases there are definitely

• A) increasing marginal returns.
• B) economies of scale.
• C) Both answers A and B are correct.
• D) Neither answer A nor B is correct.

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Definitions:

Black Americans

Black Americans are citizens or residents of the United States with African ancestry, significantly contributing to the nation's culture, history, and socio-economic development.

Adamantly Opposed

Firmly resisting or rejecting a policy, idea, or practice without yielding or compromising.

Compromise

The process of making mutual concessions or reaching an agreement in which each party gives up something that was originally sought.

Frederick Douglass

An American social reformer, abolitionist, orator, writer, and statesman. After escaping from slavery in Maryland, he became a national leader of the abolitionist movement.