_____ Occurs When Long-Run Average Total Cost Increases as Output

question 44

Multiple Choice

_____ occurs when long-run average total cost increases as output increases.

• A) Constant returns to scale
• B) Economies of scale
• C) Diseconomies of scale
• D) Minimum efficient scales

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Definitions:

Learning Strategies

Are methods or techniques used by individuals to enhance their ability to learn, retain, and apply new information or skills.

Organization

A structured group of individuals working together to achieve one or more common goals.

Elaboration

A cognitive process involving the addition of details, explanation, or expansion on a topic, enhancing understanding or memory.

Imagery

The use of descriptive or figurative language to create vivid mental pictures, often in literature and psychology to invoke senses or emotions.