In the Long Run,if 1,000 Units Are Produced at a Cost

question 100

Multiple Choice

In the long run,if 1,000 units are produced at a cost of $8,000 and 1,200 units at a cost of $9,200,then over this range of output there are

• A) constant economies of scale.
• B) constant returns to scale.
• C) diseconomies of scale.
• D) economies of scale.
• E) constant diseconomies of scale.

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Definitions:

Northern Opponents

Refers to individuals or groups in the northern United States who opposed certain policies, practices, or institutions, often in the context of slavery or during political conflicts.

Confederacy

The collective name for the eleven Southern states that seceded from the United States in 1860-1861, leading to the Civil War.

Jefferson Davis

Jefferson Davis was the President of the Confederate States of America during the American Civil War, representing the Southern states that seceded from the Union.