Which of the Following Explains Why Long-Run Average Total Cost

question 114

Multiple Choice

Which of the following explains why long-run average total cost at first decreases as output increases?

• A)diseconomies of scale
• B)less efficient use of lumpy inputs
• C)fixed costs become spread out over more units of output
• D)gains from specialization of inputs
• E)marginal costs rise at a slower rate than average costs in the short run

Understand the concepts and applications of white-collar and blue-collar crimes.

Recognize the legal procedures involved in criminal prosecutions, including the significance of grand juries and arraignments.

Understand the principles behind the exclusion of illegally obtained evidence in criminal trials.

Comprehend the legal and ethical implications of fraudulent behaviors in corporate and individual contexts.

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Definitions:

Personally Liable

Being individually responsible for a debt or legal obligation, meaning personal assets can be used to satisfy the debt if necessary.

Personal Liability

The legal responsibility of an individual to pay debts from personal assets, not protected by a corporation or LLC.

Separate Bank Accounts

Individual bank accounts maintained by parties (such as spouses) for their personal use, distinct from joint accounts.

Breaches

Instances where a rule, law, contract, or promise is violated or not adhered to.