The Following Question Are Based on the Following Diagram of the Average

question 73

Multiple Choice

The following question are based on the following diagram of the average cost curves for three different-sized plants:

-If the long-run average cost curve were shown,it would indicate

• A) diminishing returns.
• B) decreasing returns to scale.
• C) constant returns to scale.
• D) increasing returns to scale.
• E) constant marginal cost.

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Definitions:

Classical Conditioning

An educational method where two signals are frequently combined, leading to a response initially triggered by the second signal being provoked by just the first signal over time.

Psychoanalytic

A therapeutic approach and theory of psychology that emphasizes unconscious mental processes and childhood experiences in shaping behavior and personality.

Cognitive

Pertaining to mental processes such as thinking, learning, memory, and problem-solving.

Social Learning

The process of learning behaviors through the observation of others, rather than through direct experience.