-Refer to the Graph Above to Answer This Question

question 1

Multiple Choice

-Refer to the graph above to answer this question.Between what output levels do increasing returns to scale exist?

• A)Q₁ and Q₂ only.
• B)Q₁ and Q₃ only.
• C)Q₁ and Q₄.
• D)Q₁ and Q₅.
• E)Q₄ and Q₅.

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Definitions:

Relative Deprivation Theory

A sociological theory that posits individuals or groups will feel deprived and likely to seek social change when they compare themselves to others who are better off.

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic recovery during the Great Depression through industrial codes of fair practice and stimulating jobs creation.

Anti-Union Legislation

Laws aimed at limiting the power and activities of labor unions, affecting the rights of workers to organize.

Big Strikes

Major labor stoppages where a large number of workers halt work to press for better conditions or benefits.