Economies of Scale Refer to

question 214

Multiple Choice

Economies of scale refer to

• A) the point at which marginal cost equals average cost.
• B) the fact that in the long run, fixed costs remain constant as output increases.
• C) the range of output over which the long-run average cost falls as output increases.
• D) a feature of short-run production functions but not long-run production functions.

---

Definitions:

Psychotherapists

Professionals trained to diagnose and treat mental health issues through talk therapy, providing support and strategies for clients to manage their mental health.

Resources

Assets that can be used to support or achieve something, such as finances, materials, or personnel.

Population-based Intervention

Population-based Intervention involves strategies or programs aimed at improving health outcomes on a large scale, targeting entire populations rather than individuals.

Contemplation Stage

A phase in the transtheoretical model of change where an individual is aware a problem exists and is seriously thinking about overcoming it but has not yet made a commitment to take action.