​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

Understand the core principles and phases of Business Process Improvement (BPI).

Recognize the impact of globalization and technological pressures on businesses.

Identify various approaches businesses take to respond to external pressures.

Understand the concept of the digital divide and efforts to mitigate it.

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Definitions:

Double-Masked

A study design in which neither the participants nor the researchers know which participants belong to the control group and which to the experimental group, to prevent bias.

Correlation

A statistical measure that describes the extent to which two variables change together, and the direction (positive or negative) of that relationship.

Magnitude

The size, extent, or importance of something, often quantified in terms of measurements or impact.

Case Study

An in-depth analysis of a particular subject, group, or event to explore causation in order to find underlying principles.