The Long-Run Average Cost Curve Slopes Upward If There Are

question 22

Multiple Choice

The long-run average cost curve slopes upward if there are:

• A) some factors without diminishing marginal returns.
• B) diseconomies of scope in the management of multiplant operations.
• C) economies of scale.
• D) diseconomies of scale.
• E) no factors without diminishing marginal returns.

---

Definitions:

Seven Foundation Competencies

Refers to a core set of skills or abilities that are considered essential for a wide range of tasks or occupations.

Leadership Process

The series of actions and interactions that influence a group towards achieving a common goal, emphasizing the role of a leader.

Effective Leadership

The ability of a leader to guide, inspire, and motivate a group of people to achieve their goals while being adaptable and making sound decisions.

Coercive Power

A form of power that relies on the imposition of sanctions or punishments for non-compliance or to compel behavior changes in others.