When Decreasing Returns to Scale Occur

question 54

Multiple Choice

When decreasing returns to scale occur:

• A)the long-run average cost curve falls
• B)marginal cost intersects average cost
• C)the long-run average cost curve rises
• D)average fixed cost will rise
• E)average variable cost will fall

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Definitions:

Client Confidentiality

The ethical principle that an organization or individual should not disclose information about their clients to third parties without the consent of the client or a clear legal requirement.

Setting Legal Fees

The process by which legal professionals determine charges for their services, often based on factors like complexity, expertise, and time required.

Researching Legal Issues

The process of investigating existing laws, judicial rulings, and legal precedents relevant to a specific legal question or case.

Interviewing Clients

The process by which lawyers obtain information from potential or existing clients about their cases or legal situations.