If, When a Firm Doubles All Its Inputs, Its Average

question 42

Multiple Choice

If, when a firm doubles all its inputs, its average cost of production increases, then production displays

• A)diminishing returns.
• B)economies of scale.
• C)diseconomies of scale.
• D)declining fixed costs.

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Definitions:

Nausea

A sensation of unease and discomfort in the stomach with an urge to vomit.

Celiac Disease

An autoimmune disorder where ingestion of gluten leads to damage in the small intestine.

Quinoa

A grain crop known for its edible seeds, which are rich in protein, fiber, and various vitamins and minerals.

Wild Rice

A type of grass that produces edible grains, often found in shallow water or flood plains, and considered a delicacy in many cuisines.