An Increase in Long-Run Average Costs Resulting from Increases in Output

question 258

Multiple Choice

An increase in long-run average costs resulting from increases in output is

• A) attributed to economies of scale.
• B) attributed to diseconomies to scale.
• C) attributed to constant returns to scale.
• D) attributed to the law of diminishing marginal product.

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Definitions:

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The explicitly stated values and norms that are preferred by an organization, as communicated by its leadership.

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The actual manner in which individuals conduct themselves in various situations.

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An organizational environment that values diversity, where every individual feels respected, is treated fairly, and has equal opportunities.

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