In the Long Run Firm a Incurs Total Costs of $1,200

question 228

Multiple Choice

In the long run Firm A incurs total costs of $1,200 when output is 30 units and $1,400 when output is 40 units.Firm A exhibits

• A) diseconomies of scale because total cost is rising as output rises.
• B) diseconomies of scale because average total cost is rising as output rises.
• C) economies of scale because total cost is rising as output rises.
• D) economies of scale because average total cost is falling as output rises.

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Definitions:

Party Identification

An individual's loyalty or affinity towards a particular political party, often influencing their voting behavior.

Party Regimes

Periods during which one party dominates the political scene in a particular system or country, often setting the policy agenda.

Frontloading

The practice of scheduling state party primaries and caucuses earlier in the primary season to gain more influence in the selection of a party’s presidential nominee.

Presidential Selection

The process by which a country chooses its president, often involving a combination of primary elections, party nominations, and a general election.