All of the Following Statements Are True of the Minimum

question 162

Multiple Choice

All of the following statements are true of the minimum efficient scale except one.Which one?

• A)All possible economies of scale have been exhausted.
• B)The short-run average total cost curve's minimum point is equal to the long-run average cost curve's minimum point.
• C)Any increase in the scale of operation will encounter either constant returns to scale or diseconomies of scale.
• D)An increase in the output level will increase profit.

---

Definitions:

Avoid

To keep away from or stop oneself from doing something, often due to apprehension or danger.

Motivated Reasoning

The process by which individuals form and cling to beliefs even in the face of contrary evidence, often driven by emotional investments in those beliefs.

Violent Media

Media content that depicts acts of physical aggression, harm, or violence towards individuals or groups.

Aggressive Behavior

Actions or responses aimed at causing harm or asserting dominance, which can be physical or verbal in nature.