When Long-Run Average Costs Decrease as Output Increases, There Are

question 390

Multiple Choice

When long-run average costs decrease as output increases, there are

• A) economies of scale.
• B) diseconomies of scale.
• C) constant returns to scale.
• D) constant marginal costs.

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Definitions:

NLRA

The National Labor Relations Act of 1935, a foundational statute in United States labor law that protects the rights of employees to organize, engage in collective bargaining, and take collective action.

Strategic Roles

Positions or functions within an organization designed to achieve long-term objectives.

Union Leaders

Individuals elected or appointed to represent and advocating for the interests of members of a labor union.

Labor Relations

The study and practice of managing relationships between employers and their workforce, including negotiation, collective bargaining, and conflict resolution.