Determine Whether Each of the Following Is a Factor Which

question 86

Essay

Determine whether each of the following is a factor which helps to determine the shape of the short-run average cost curve or the long-run average cost curve.
a)Economies of scale.
b)Diminishing returns.
c)Fixed cost.
d)Decreasing returns to scale.
e)Price of labour.

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Definitions:

Dangerous Levels

Degrees or extents of risk that are considered harmful and potentially life-threatening to individuals or environments.

Specific Triggers

Particular events, situations, or stimuli that elicit a response or reaction.

Mindfulness

The quality or practice of maintaining a non-judgmental state of heightened or complete awareness of one's thoughts, emotions, or experiences on a moment-to-moment basis.

Transactional Analysis

A psychoanalytic theory and method of therapy wherein social transactions are analyzed to determine the ego state of the communicator as a basis for understanding behavior.