When Average Costs Fall as Output Increases,it Is Due to _____;When

question 54

Multiple Choice

When average costs fall as output increases,it is due to _____;when they fall at a given level of output it is due to _____.

• A)economies of scale;learning by doing
• B)economies of scale;diseconomies of scale
• C)learning by doing;economies of scale
• D)learning by doing;diseconomies of scale

---

Definitions:

Statutory Period

A specific time frame established by statute during which certain legal actions can be taken, such as filing a lawsuit or making a claim.

Minor

An individual under the legal age of majority, often under 18 years old, with restricted legal rights and capacities.

Illegality

The state of being not allowed by law or illegal actions within various contexts, such as contracts or behaviors.

Accord and Satisfaction

Accord and Satisfaction is a legal settlement where a debtor agrees to pay a lesser amount than originally owed, and the creditor agrees to accept this as full settlement of the debt.