Long-Run Economies of Scale Exist Over the Range of Output

question 159

Multiple Choice

Long-run economies of scale exist over the range of output for which the long-run average cost curve is:

• A) constant.
• B) falling.
• C) rising.
• D) does not exist.

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the subject to associate certain behaviors with specific consequences.

B.F. Skinner

An influential psychologist known for his work in behaviorism and for developing the theory of operant conditioning, which involves learning through rewards and punishments.

Operant Conditioning

A behavioral modification process influenced by rewarding or disciplining actions.

Punisher

A figure or factor that decreases the likelihood of a behavior by applying a negative consequence or removing a positive stimulus.