Use the Following to Answer Question(s): Long-Run Average Cost

question 197

Multiple Choice

Use the following to answer question(s) : Long-Run Average Cost

-(Exhibit: Long-Run Average Cost) Output per period in the region A to B indicates that a firm is experiencing:

• A) constant returns to scale.
• B) economies of scale.
• C) diseconomies of scale.
• D) constant total cost as output increases.

---

Definitions:

Equal Employment Opportunity Commission

A federal agency responsible for enforcing laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex, national origin, age, disability, or genetic information.

Bona Fide Occupational Qualification

An employment practice that allows for consideration of traits or characteristics that are normally considered discrimination if they are genuinely necessary to the normal operation of a particular business.

Equal Pay Act

A U.S. law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Substantially the Same Job

A position that is nearly identical in duties, responsibilities, and requirements to another job, typically in the context of employment law and workplace equality.