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:

Eyewitness

A person who has seen something happen and can give a first-hand description of it.

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Individuals who have directly observed an event and can provide first-hand testimony or information about it.

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Individuals who provide testimony in a legal proceeding about what they have directly observed or experienced, without expert status.

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Individuals with specialized knowledge or expertise who are called to testify in court to aid in understanding complex issues.