Increasing Returns to Scale Occurs When a Firm's

question 65

Multiple Choice

Increasing returns to scale occurs when a firm's:

• A)average costs of production increase as its output increases.
• B)average costs of production decrease as its output increases.
• C)average fixed costs increase as its output increases.
• D)marginal costs increase as its output increases.

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Definitions:

Long-term Potentiation

A long-lasting enhancement in signal transmission between two neurons that results from stimulating them synchronously; widely considered one of the major cellular mechanisms that underlies learning and memory.

Neuron Level

Refers to the analysis or understanding of the nervous system at the scale of individual neurons, their functions, and interactions.

Priming

The exposure to one stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.

Episodic Memory

a type of long-term memory that involves the recollection of specific events, situations, and experiences.