If a Firm Increases Its Output in the ________ and Unit

question 61

Multiple Choice

If a firm increases its output in the ________ and unit costs ________, then the firm is experiencing ________ of scale.

• A) long run; decrease; economies
• B) long run; increase; economies
• C) short run; decrease; diseconomies
• D) long run; decrease; diseconomies
• E) short run; decrease; economies

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Definitions:

Homeostasis

The biological process by which living organisms maintain a stable internal environment despite changes in the external environment.

Senescence

The biological process of aging, characterized by the gradual decline in physiological functions and increased vulnerability to diseases.

Wear-And-Tear Theory

A concept in biology and gerontology that suggests the aging process is the result of accumulated damage and degradation of cells and tissues over time.

Autoimmune Theory

A hypothesis in medical science suggesting that some diseases are caused by the immune system mistakenly attacking the body's own tissues.