Diseconomies of Scale Refers to When in the Long Run

question 20

Multiple Choice

Diseconomies of scale refers to when in the long run:

• A) an increase in the quantity of output decreases average total cost.
• B) an increase in the quantity of output increases average total cost.
• C) average total cost does not depend on the quantity of output.
• D) None of these is true.

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Definitions:

Voting Rights

The legal rights granted to individuals enabling them to vote in political elections.

Northern Vision

A phrase that reflects the perspectives, objectives, or aspirations prevalent in the northern part of a country, which can differ significantly from those in the south due to cultural, economic, or political differences.

Sharecropping

An agricultural system where tenants agree to work a landowner's land in return for a share of the crops produced on their portion of land.

Southern Economy

Historically, the economy of the southern United States, which was heavily reliant on agriculture, particularly the cultivation of cotton and other cash crops, and was significantly impacted by slavery until the Civil War.