The Table Given Below Shows the Average Total Cost of Production

question 20

Multiple Choice

The table given below shows the average total cost of production of a firm at different levels of the output.Table 8.5

-A firm gets less efficient as it gets bigger, if it is experiencing:

• A)economies of scale.
• B)constant returns to scale.
• C)increasing returns to factors.
• D)diseconomies of scale.
• E)a period of post war recovery.

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Definitions:

Sequence Structure

A set of code statements executed in order, one after the other, often used to describe the basic flow of a program.

Selection

The process of choosing between two or more paths in programming based on conditions, often implemented with if-else and switch statements.

Iteration

The process of repeating a set of instructions or steps a specific number of times or until a certain condition is met in programming.

Invocation

The act of calling or executing a function or a method in programming.