________ 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:

Pyloric Sphincter

The ring of muscle that regulates the passage of food from the stomach to the duodenum of the small intestine.

Gastric Ulcer

A sore on the lining of the stomach or duodenum often caused by infection, medication, or chronic stomach acid irritation.

Esophagitis

Inflammation of the esophagus, which can cause pain, difficulty swallowing, and other discomforts.

Duodenal Ulcer

A type of peptic ulcer that occurs in the upper part of the small intestine, known as the duodenum.