Economies of Scale Exist When

question 5

Multiple Choice

Economies of scale exist when

• A)long-run average costs decline as output increases.
• B)long-run average costs are constant.
• C)long-run average costs increase as output increases.
• D)short-run average costs decline.
• E)short-run average costs increase.

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Definitions:

Phenomenologists

Researchers or philosophers who study the structures of experience and consciousness as a way to understand the essence of phenomena.

Constructs

Constructs are complex theoretical concepts used in various disciplines to understand patterns of behavior, phenomena, or relationships.

Deviance

Behaviors or actions that violate societal norms or expectations, ranging from minor infractions to serious crimes.

Lemert

A sociologist known for differentiating between primary and secondary deviance in his theory of deviance.