In the Long Run,when an Increase in the Quantity of Output

question 59

Multiple Choice

In the long run,when an increase in the quantity of output decreases average total cost,this is called:

• A) economies of scale.
• B) diseconomies of scale.
• C) constant economies to scale.
• D) minimum average total cost.

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Definitions:

Laxatives

Substances taken to stimulate bowel movements and alleviate constipation.

Diuretics

Medications designed to increase the amount of water and salt expelled from the body as urine, commonly used to treat high blood pressure and fluid retention.

Enemas

Medical procedures involving the injection of liquid or gas into the rectum to expel its contents or administer drugs or food.

Biological Theory

suggests that biological factors such as genetics, brain chemistry, and physical health significantly influence human behavior and mental states.