In the Long Run Firm a Incurs Total Costs of $900

question 172

Multiple Choice

In the long run Firm A incurs total costs of $900 when output is 30 units and $1,200 when output is 40 units.Firm A exhibits

• A) diseconomies of scale because total cost is rising as output rises.
• B) constant returns to scale because average total cost is constant as output rises.
• C) diseconomies of scale because average total cost is rising as output rises.
• D) economies of scale because average total cost is falling as output rises.

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Definitions:

Formal Work Assignments

Tasks or projects assigned in an official capacity, typically documented and structured within organizational frameworks.

Formal Groups

Organized collections of individuals with a specific purpose, structured roles, and established rules within a larger organization.

Shared Interests

Common goals, hobbies, concerns, or passions that create a basis for connection or cooperation among individuals or groups.

Project Teams

Groups of individuals brought together to accomplish a finite task or project within a set timeframe.