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Roula, a law professor, recently read a fascinating article about online privacy in Canadian Science and Technology Weekly, a Canadian magazine.She was so impressed with the article that she clipped it for future reference.Later in the term, a scandal erupted at the university when it was discovered that professors' emails were being surveilled.Incensed, Roula photocopied the article and slipped a copy of it under every professor's door in the faculty.There are 50 professors in the faculty.Which of the following is most likely TRUE?
Law of Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other factors remain constant.
LRATC
Long-Run Average Total Cost, referring to the average cost per unit of output when all inputs are considered variable over time.
Economies of Scale
Businesses experience cost savings linked to the size of their operations, with the per-unit cost usually falling as the operation size grows.
Entire Range
The complete spectrum or entirety of something, without leaving parts out.
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