Constant Returns to Scale Exist When Long-Run Average Costs

question 108

Multiple Choice

Constant returns to scale exist when long-run average costs

• A)increase as output is increased.
• B)decrease as output is increased.
• C)remain constant as output is increased.
• D)none of the statements associated with this question are correct.

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Definitions:

American Participants

A term often used in research studies indicating the individuals taking part in the study are from the United States.

Social Cues

Nonverbal or environmental signals that are interpreted by individuals to guide their social interactions.

Ultimate Attribution Error

Tendency to attribute bad outgroup and good ingroup behaviour internally, and to attribute good outgroup and bad ingroup behaviour externally.

Scapegoating

The practice of unfairly blaming an individual or group for problems or negative outcomes, often to divert attention from the real causes.