________ Occur When Average Total Cost Falls as the Quantity

question 60

Multiple Choice

________ occur when average total cost falls as the quantity produced increases.

• A) Increasing marginal returns
• B) Decreasing marginal returns
• C) Economies of scale
• D) Diseconomies of scale

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Definitions:

Successful

Achieving the desired outcome, goals, or objectives effectively and efficiently.

Rules

Established guidelines or principles governing behavior or conducting activities within specific contexts.

Different Interests

Diverse or varying priorities and desires among individuals or groups in a negotiation or decision-making process .

Surface

The outermost layer or boundary of an object or the superficial aspect of something as opposed to its essence.