If a Firm's Long-Run Average Total Curve Shows That It

question 81

Multiple Choice

If a firm's long-run average total curve shows that it can produce 5,000 DVDs at an average cost of $2.00 and 15,000 DVDs at an average cost of $1.50, this is evidence of

• A)diminishing returns.
• B)economies of scale.
• C)diseconomies of scale.
• D)the law of supply.

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Definitions:

Innovative Ideas

Refers to novel or original concepts, methods, or products that can potentially bring about significant improvements or changes.

Sponsorship And Support

Refers to the provision of financial, material, or emotional assistance to individuals or organizations, often to promote specific events, activities, or causes.

Managerial Practices

The methods, strategies, and techniques employed by managers to achieve organizational objectives and manage employee performance.

Human Resource Systems

The organized procedures and frameworks designed to manage an organization's workforce effectively.