A Firm Will Generally Experience Diseconomies of Scale at _____

question 127

Multiple Choice

A firm will generally experience diseconomies of scale at _____ levels of production, which is the part of the long-run average total cost curve that is _____.

• A) lower; falling
• B) lower; rising
• C) higher; falling
• D) higher; rising

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Definitions:

Subsist

To maintain or support oneself, especially at a minimal level.

Welfare Mothers

Term often used to describe single mothers who receive government assistance, typically through cash aid, to help support their families.

Welfare Checks

Government payments or assistance provided to individuals or families in need, aimed at ensuring a basic standard of living.

Social Constraint

Limitations imposed by society that influence individual behavior and social interactions.