Diseconomies of Scale Refer to

question 81

Multiple Choice

Diseconomies of scale refer to

• A) decreases in cost as profit increases.
• B) increases in cost as output increases.
• C) increases in economic value as per-unit cost decreases.
• D) decreases in profit when consumer demand decreases.

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Definitions:

Economic Equality

The principle or condition of having equal access to financial resources and opportunities, aiming to reduce disparities in wealth and income among different population groups.

Urban Democracy

The application of democratic governance in urban areas, emphasizing participation of city dwellers in decision-making processes.

Economic Proposal

A formal suggestion aimed at solving an economic issue or improving economic conditions through specific strategies or plans.

Revolutionary War Debts

Financial obligations incurred by the United States during the American Revolutionary War, which led to significant fiscal policy debates in the early republic.