In the Short Run, a Firm Will Eventually Experience Rising

question 164

Multiple Choice

In the short run, a firm will eventually experience rising per-unit costs because of

• A) economies of scale.
• B) diseconomies of scale.
• C) the law of supply.
• D) the law of diminishing returns.

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Definitions:

Minimum Data Set (MDS)

A standardized assessment tool that helps health care professionals understand the care needs and preferences of residents in long-term care facilities.

Federal Law

Legislation enacted by the national government of a country that applies to all its citizens and entities.

Long-Term Care Facility

A healthcare facility designed to provide various services for individuals who are unable to independently care for themselves over an extended period.

Narrative

A spoken or written account of connected events; a story that may be factual or fictional, used for entertainment, education, or recording history.