Diseconomies of Scale Exist Over the Range of Output for Which

question 98

Multiple Choice

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

• A) constant.
• B) falling.
• C) rising.
• D) subject to diminishing returns.

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Definitions:

Cubic Feet

A unit of volume measurement in the imperial system, equivalent to the volume of a cube with sides of one foot in length.

Scatterplot

A graphical representation in which two variables are plotted along two axes, revealing any correlation or pattern between them.

GPA

Grade Point Average, a cumulative average of a student's grades, typically on a 4.0 scale.

Independent Variable

A variable that is manipulated to determine if it causes any change to a dependent variable in an experiment.