If Production Displays Economies of Scale, the Long-Run Average Cost

question 104

Multiple Choice

If production displays economies of scale, the long-run average cost curve is

• A)above the short-run average total cost curve.
• B)downward sloping.
• C)upward sloping.
• D)below the long-run marginal cost curve.

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Definitions:

LUMO

The Lowest Unoccupied Molecular Orbital, which is the first molecular orbital available for the electron to occupy.

Cycloaddition

A type of chemical reaction where two or more unsaturated molecules combine to form a cyclic adduct, important in the synthesis of heterocyclic compounds.

Organic Letters

A peer-reviewed scientific journal publishing original research articles in organic chemistry.

Molecular Orbitals

Orbitals that belong to a molecule as a whole, where electrons are considered to be delocalized over the entire molecule.