Assume That You Observe the Long-Run Average Cost Curve of a Local

question 241

Multiple Choice

Assume that you observe the long-run average cost curve of a local Bookstores, a national chain. Starting from the point on the curve where output is zero and moving to the right, which of the following lists the behaviour of long-run average costs in the correct sequence (that is, which will be observed first, second, etc.) ?

• A) minimum efficient scale; economies of scale; constant returns to scale; diseconomies of scale
• B) economies of scale; constant returns to scale; diseconomies of scale; minimum efficient scale
• C) constant returns to scale; economies of scale; minimum efficient scale; diseconomies of scale
• D) economies of scale; minimum efficient scale; constant returns to scale; diseconomies of scale

---

Definitions:

Narcissism

Characterized by an inflated self-image and addiction to fantasy, underpinned by indifference to the needs of others and an inability to experience empathy.

High Self-esteem

A positive valuation of oneself, characterized by confidence in one's abilities and a sense of self-worth.

Sleepless Nights

refers to periods of insomnia or inability to sleep, often resulting from stress, anxiety, or health issues, leading to tiredness and decreased productivity.

Positive Facebook Posts

Social media content shared on Facebook that is uplifting, encouraging, or promotes a positive outlook, often intended to engage and inspire followers.