Suppose the Long-Run Average Cost Curve Is U-Shaped

question 92

Multiple Choice

Suppose the long-run average cost curve is U-shaped.When LRAC is in the increasing stage,there exist:

• A) economies of scope.
• B) diseconomies of scope.
• C) economies of scale.
• D) diseconomies of scale.

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Definitions:

Occurrence Subjectivity

The degree to which perceptions or analyses of events are influenced by personal feelings, tastes, or opinions.

Reactive Effects

The changes in behavior or responses that occur as a result of being observed or knowing that one is part of a study, often considered a form of bias.

Continuous Data

Data that can take on any value within a given range, representing measurements and allowing for fractional values.

Pre- And Post-Test

Evaluation methods used before and after a specific intervention or teaching period to assess the effectiveness of the intervention or the amount of learning that has occurred.