The Upward-Sloping Portion of a Long-Run Average Total Cost Curve

question 82

Multiple Choice

The upward-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:

Central Process

The main or core mechanism through which a particular psychological theory explains behavior or mental processes.

Therapy

A treatment intended to relieve or heal a disorder, often involving talking to a psychologist or counselor.

Therapeutic Change

The process by which a patient experiences improvement in mental health, behavior, or emotional well-being as a result of psychological therapy.

Free Association

A psychoanalytic technique where the client speaks freely about whatever thoughts or memories come to mind, without censorship, to uncover unconscious thoughts and feelings.