If a Firm Increases Its Output and Its Average Cost

question 164

Multiple Choice

If a firm increases its output and its average cost decreases,the firm is experiencing which of the following?

• A) increasing marginal returns
• B) diseconomies of scale
• C) economies of scale
• D) random luck
• E) decreasing cost of marginal returns

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Definitions:

Black Men

Males of African descent, a demographic group that has historically experienced various forms of discrimination and inequality.

First Party System

Refers to the political system in the United States during the late 18th and early 19th centuries, characterized by the rivalry between the Federalist Party and the Democratic-Republican Party.

Slavery

A system in which individuals are owned as property by others and are forced to work without consent and with little to no personal freedom.

Black Rights

Refers to the rights and freedoms specifically pertaining to Black individuals, often encompassing issues of civil rights, social justice, and equality.