If Output Is Increased in the Long-Run,average Production Costs in the Presence

question 6

Multiple Choice

If output is increased in the long-run,average production costs in the presence of internal economies of scale will ________,and in the presence of external economies of scale,will ________.

• A) decrease; decrease
• B) increase; remain constant
• C) remain constant; increase
• D) decrease; remain constant
• E) increase; decrease

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Definitions:

Social Alternatives

Other forms of engaging with community or activities that do not involve the initial behavior being modified or avoided.

SMART Criteria

A set of guidelines for setting clear, achievable goals, standing for Specific, Measurable, Achievable, Relevant, and Time-bound.

Goals

Objectives or desired outcomes that individuals set for themselves, aiming to achieve through specific actions or strategies.

Behavior Change

The process of transforming personal habits and actions to improve health or reach personal goals.