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:

Maladaptive Attitudes

Negative beliefs or thought patterns that are counter-productive or harmful to an individual's mental well-being or social functioning.

Depressed

A state characterized by feelings of severe despondency and dejection, often accompanied by a lack of energy, disturbances in sleep and appetite, and loss of interest or pleasure in activities.

Friendships

A mutual relationship between two or more individuals, characterized by trust, affection, and support, regardless of blood relations.

Learned Helplessness

Learned Helplessness is a condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.