If Long-Run Costs Are Plotted on the Vertical Axis and Quantity

question 16

Multiple Choice

If long-run costs are plotted on the vertical axis and quantity of output plotted on the horizontal axis,a line that is perfectly horizontal implies:

• A)constant returns to scale.
• B)economies of scale.
• C)diseconomies of scale.
• D)inefficient use of capital.
• E)inefficient use of labor.

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Definitions:

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, coordinating its actions and sensory information.

Stable Environment

An environment where conditions remain relatively constant over time, allowing for the maintenance of ecosystem equilibrium.

Epithelial Tissues

Layers of cells that cover the body's surfaces, line cavities, and form glands, playing key roles in protection, secretion, and absorption.

Sweating

The process of secreting fluid from the body's sweat glands, primarily for cooling the body through evaporation.