If Your Plant Is Operating in the Positively-Sloped Portion of a Long-Run

question 149

Multiple Choice

If your plant is operating in the positively-sloped portion of a long-run average cost curve, this could be the result of:

• A) lower wages.
• B) economies of scale.
• C) diseconomies of scale.
• D) improved utilization of by-products.

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Definitions:

Rationality

The quality of being based on or in accordance with logic or reason.

Postmodernists

Thinkers who question universal truths and emphasize the importance of perspective and context in understanding knowledge and society.

Rationality

The quality of being based on or in accordance with reason or logic, often referring to decision-making processes that are logically sound.

Nonhuman Technologies

Refers to technologies that do not require human operation or intervention, often emphasizing autonomous or AI-driven devices.