​If Long Run Average Costs Fall with Output,you Have

question 47

Multiple Choice

​If long run average costs fall with output,you have

• A)​Increasing returns to scale
• B)Decreasing returns to scale
• C)Constant returns to scale
• D)​None of the above

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Definitions:

Prehistoric Earthquakes

Earthquakes that occurred before historical records were kept, studied primarily through geologic evidence.

Seismic Events

Phenomena that are caused by the sudden release of energy in the Earth's crust, resulting in ground shaking and sometimes displacement.

Seismographs

Instruments that measure and record details of earthquakes, such as force and duration, by detecting ground motion.

Tsunami

Enormously long oceanic waves generated by major events like quakes, volcano eruptions, or subaquatic landslides.