The Upward-Sloping Portion of a Long-Run Average Total Cost Curve

question 82

Multiple Choice

The upward-sloping portion of a long-run average total cost curve is the result of

• A) economies of scale.
• B) diseconomies of scale.
• C) diminishing returns.
• D) the existence of fixed resources.

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Definitions:

Structural Functionalism

A sociological theory positing that every element of a society (structures) serves a specific function and contributes to the overall stability and functioning of the society.

Dominant Power

Refers to the institution, group, or nation that holds the most authority and capability to exert influence over others within a given context.

Dominant Theoretical Paradigm

The prevailing set of theories, assumptions, and methodologies that form the mainstream understanding within a scientific or academic discipline.

Ethnomethodology

A sociological approach focusing on how people use everyday conversation and gestures to construct a common sense of reality.