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

question 44

Multiple Choice

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

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

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Definitions:

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A straightforward planning approach focusing on explicit objectives and paths for achieving an organization's goals.

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