A Firm Notices That When It Increases Output Beyond an Initial

question 3

Multiple Choice

A firm notices that when it increases output beyond an initial level ,average total cost decreases.For this firm,the region of output beyond is characterized by

• A) economies of scale.
• B) diseconomies of scale.
• C) constant economies of scale.
• D) the minimum efficient scale.

---

Definitions:

Basketball Game

A competitive sport played between two teams, where the objective is to score points by shooting a ball through the opponent's hoop.

Piaget

Refers to Jean Piaget, a Swiss developmental psychologist and philosopher known for his epistemological studies with children and his theory of cognitive development.

Symbolic Play

Play in which children make believe that objects and toys are other than what they are. Also termed pretend play.

Constructive Play

A form of play involving the manipulation of objects to create or construct something, promoting learning and development.