​A Firm Experiencing Constant Economies of Scale Will Have a Long-Run

question 48

Multiple Choice

​A firm experiencing constant economies of scale will have a long-run average cost curve that is:

• A)​upward sloping
• B)vertical
• C)downward sloping
• D)​horizontal

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Definitions:

Phosphorus

A chemical element with the symbol P and atomic number 15, essential for life, involved in various biological processes, including energy transfer and the formation of bones and teeth.

Trace Element

An element required by an organism in very small amounts.

Iron

A metallic element essential for human life; involved in oxygen transport within the bloodstream.

Obesity

Excess accumulation of body fat; a person is considered obese if the body mass index (BMI) is 30 or higher.