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.

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Definitions:

Survival of Society

The ability of a society to maintain existence, adapt, and continue to function over time.

Talcott Parsons

An American sociologist known for his development of social action theory and for his role in the establishment of the structural-functional approach in sociology.

Adaptation

The process by which individuals, species, or groups adjust to changes in their environment, ensuring survival or improved functionality.

External Context

The surrounding conditions or circumstances external to a specific focus or object of study.