A Downward-Sloping Portion of a Long-Run Average Total Cost Curve

question 161

Multiple Choice

A downward-sloping portion of a long-run average total cost curve is the result of

• A) economies of scale.
• B) diseconomies of scale.
• C) diminishing returns.
• D) the existence of fixed resources.

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Definitions:

Flexibility

The ability to easily adapt to new, different, or changing requirements and situations.

Straight As

The achievement of receiving the highest possible grade, typically an 'A', in every course or subject.

High Goal

An ambitious objective or aim that is often challenging to achieve but highly rewarding.

INAH3

The third interstitial nucleus of the anterior hypothalamus, involved in sexual behavior and linked to sexual orientation in some research.