A Downward-Sloping Portion of a Long-Run Average Total Cost Curve

question 161

Multiple Choice

A downward-sloping portion of a long-run average total cost curve is the result of

• A) economies of scale.
• B) diseconomies of scale.
• C) diminishing returns.
• D) the existence of fixed resources.

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Definitions:

Workplace Safety

The measures, policies, and practices implemented to protect employees from injury or illness arising from job-related activities.

Employment Relationship

Constitutes the legal and practical connection between an employer and an employee, governing the rights, responsibilities, and obligations of each party.

Collective Voice

A term used in labor relations to describe the collective power and influence of workers, typically exercised through unions or other forms of workplace representation, to negotiate better conditions.

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U.S. workers are the labor force within the United States, encompassing individuals engaged in various sectors of employment, contributing to the country's economic activities and productivity.