When Do Economies of Scale Occur

question 154

Multiple Choice

When do economies of scale occur

• A)when long-run average total costs rise as output increases
• B)when long-run average total costs fall as output increases
• C)when average fixed costs are falling
• D)when average fixed costs are constant

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Definitions:

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Common Sense

Sound practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge in a manner shared by nearly all people.

Imagination

The ability of the mind to be creative or resourceful, envisioning things not currently present or that do not exist.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, and overcome challenges.