An Expansion Path Shows

question 318

Multiple Choice

An expansion path shows

• A)the level of sales necessary for a firm if it wants to expand.
• B)the level of long-run average cost at different scales of operation.
• C)the least-cost combination of inputs for each level of output.
• D)the returns to scale at each level of output.

---

Definitions:

Daily

Occurring every calendar day or pertaining to the activities that take place within the span of a single day.

Heights

The measurement of an individual or object from base to top or from the ground to a specified point.

Weights

Objects used for resistance training or as a measure; often made of metal or other heavy materials to add resistance for strength training or to ensure accurate measurements.

Scatterplot

A graphical representation using dots to show the relationship between two variables, with one variable's values along the x-axis and the other's along the y-axis.