When a Firm Is Experiencing Economies of Scale

question 79

Multiple Choice

When a firm is experiencing economies of scale,

• A) long-run average total cost is minimized.
• B) long-run average total cost is greater than long-run marginal cost.
• C) long-run average total cost is less than long-run marginal cost.
• D) long-run marginal cost is minimized.

---

Definitions:

Syllogism

A form of reasoning in which a conclusion is drawn from two given or assumed propositions (premises), each sharing a common term not present in the conclusion.

Family-Oriented Television Shows

TV programs designed to be suitable for and appealing to both children and adults, often with themes that promote family values and unity.

Singular Proposition

A statement or assertion that applies to a specific individual or distinct entity, rather than to members of a class as a whole.

Categorical Syllogism

A deductive argument containing two categorical premises, a categorical conclusion, and three terms—major, minor, and middle—with each term occurring in two propositions.