The Positively-Sloped Part of the Long-Run Average Total Cost Curve

question 86

Multiple Choice

The positively-sloped part of the long-run average total cost curve is due to which of the following?

• A)Diseconomies of scale.
• B)Diminishing returns.
• C)The firm being able to take advantage of large-scale production techniques as it expands its output.
• D)The increase in productivity that results from specialization.

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Definitions:

Motivational Value

The significance or importance that an individual places on specific outcomes or rewards that help in driving their behavior towards achieving goals.

Professional Employees

Individuals employed in professions requiring advanced education or specialized training, often held to higher standards of conduct and expertise.

Incentive Plans

Strategies used by businesses to motivate and reward employees beyond their regular pay.

Enterprise Incentive Plans

Strategies or programs designed to motivate and reward employees’ performance at all levels, aligning their efforts with the goals of the organization.