When a Firm's Long-Run Average Cost Curve Is Horizontal for a Range

question 251

Multiple Choice

When a firm's long-run average cost curve is horizontal for a range of output, then that range of production displays

• A)increasing returns to scale.
• B)constant returns to scale.
• C)decreasing returns to scale.
• D)constant average fixed costs.

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Definitions:

Illustrators

In communication, illustrators are gestures that accompany speech to clarify or emphasize the spoken words.

Nonverbal Punctuation

The use of body language and facial expressions to emphasize or clarify the spoken message, functioning similarly to punctuation in written language.

Nonverbal Communication

The transmission of information or feelings between individuals through behaviors and cues that are not words, such as eye contact, tone of voice, and proximity.

Gestures

Movements of part of the body, especially a hand or the head, to express an idea or meaning.