If Output Is Increased in the Long Run, Average Production

question 33

Multiple Choice

If output is increased in the long run, average production costs in the presence of internal economies of scale will ________, and in the presence of external economies of scale, will ________.

• A) increase; decrease
• B) increase; remain constant
• C) remain constant; increase
• D) decrease; decrease
• E) decrease; remain constant

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Definitions:

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A form of psychological stress occurring when an individual's personal values, beliefs, or behaviors clash with the expectations of their professional role.

Exterminating Company

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Accountant

A professional who performs financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual’s financial operations.

Corporate Spiritualism

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