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:

Moral Intuitions

Immediate, gut-level feelings that guide judgments of right and wrong without conscious reasoning.

Automatic Unconscious Thinking

Mental processes that occur without conscious awareness or effort, often guiding behaviors and decisions with minimal awareness.

Concrete Operations

A stage in cognitive development where children gain the ability to think logically about concrete events and understand the concepts of conservation and reversibility.

Physically Mature

The state at which an individual has reached full biological growth and development.