Economies of Scale Are Indicated by

question 415

Multiple Choice

Economies of scale are indicated by

• A)the rising segment of the average variable cost curve.
• B)the declining segment of the long-run average total cost curve.
• C)the difference between total revenue and total cost.
• D)a rising marginal cost curve.

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Definitions:

Stratified

Categorized into different levels or layers, especially in a hierarchical order.

Collective

Pertaining to or involving a group of individuals acting as a whole.

Self-Efficacy

The belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.

Strength-Training

A form of physical exercise specializing in the use of resistance to induce muscular contraction, which builds strength and anaerobic endurance.