A(n) ____________ Statement Has Two Parts: an If Clause and an Else

question 44

Multiple Choice

A(n) ____________ statement has two parts: an if clause and an else clause.

• A) logic
• B) if-else
• C) branching
• D) else-if

---

Definitions:

Short Run

A time period during which at least one input is fixed and cannot be adjusted by a firm.

Diseconomies Of Scale

Occur when a company grows so large that the costs per unit increase. It is the opposite of economies of scale.

Long-Run Average Total Cost Curve

A graphical representation showing the lowest possible cost at which any given level of output can be produced in the long run.

Total Cost Curve

A graphical representation showing the total cost incurred by a firm in the production of goods or services at different levels of output.