Which of the Following Changes Shift the Long-Run AC Curve

question 99

Multiple Choice

Which of the following changes shift the long-run AC curve?

• A)Learning by doing
• B)Economies of scale
• C)Diminishing marginal productivity
• D)Constant returns to scale

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Definitions:

Interest Revenue

Earnings received through the act of providing loans or putting money into assets that generate interest.

Notes Receivable

Short-term or long-term financial assets representing the promise of another party to pay a specific sum of money at a future date.

Journal Entry

A record in accounting that notes every transaction a business makes, providing a chronological log necessary for the financial statements.

Promissory Note

A written, legal agreement where one party promises to pay another a specific sum of money on a certain date or upon demand.