In the Long Run, a Firm Might Experience Rising Per-Unit

question 39

Multiple Choice

In the long run, a firm might experience rising per-unit cost due to:

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

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Definitions:

Asian American

A term used to describe Americans of Asian descent, highlighting their cultural heritage and identity within the American context.

Paraphrasing

The act of rewording or summarizing a text or speech using different words, often to clarify meaning or convey the same information in a new way.

Ableism

Discrimination and social prejudice against people with disabilities, based on the belief that typical abilities are superior.

Fatalism

The belief that all events are predetermined and therefore inevitable, often leading to a sense of powerlessness.