In the Short Run, a Firm Will Eventually Experience Rising

question 164

Multiple Choice

In the short run, a firm will eventually experience rising per-unit costs because of

• A) economies of scale.
• B) diseconomies of scale.
• C) the law of supply.
• D) the law of diminishing returns.

---

Definitions:

Taft-Hartley Act

A federal act passed in the United States in 1947 that serves to reduce the power and activities of labor unions.

Strikes

A work stoppage caused by the mass refusal of employees to work, typically aiming to enforce specific demands regarding their employment condition.

CIO

Can refer to Chief Information Officer, a senior executive responsible for managing an organization's information technology strategy. It also can denote the Congress of Industrial Organizations, a federation of labor unions in the United States.

AFL

The American Federation of Labor (AFL) was a national federation of labor unions in the United States, founded in 1886, focused on advocating for fair labor practices and workers' rights.