If the Long-Run Average Cost of Producing 50 Units of Good

question 115

Multiple Choice

If the long-run average cost of producing 50 units of Good X is $3.00 and the long run average cost of producing 51 units of Good X is $3.25, the firm is

• A) experiencing economies of scale in the range of 50 to 51.
• B) experiencing constant returns to scale in the range of 50 to 51.
• C) experiencing diseconomies of scale in the range of 50 to 51.
• D) operating at the minimum efficient scale.

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Definitions:

Antibody Units

Individual molecules of antibodies, which are proteins produced by the immune system to identify and neutralize pathogens like bacteria and viruses.

Initial Injection

The first dose or administration of a substance or drug into a body or system.

Secondary Response

The immune system's more rapid and intense response to a pathogen when it is encountered for the second time, due to the presence of memory cells.

Initial Antigen

The first exposure of the immune system to a foreign molecule or pathogen, triggering an immune response.