As a Firm with Decreasing Returns to Scale Technology Increases

question 16

Multiple Choice

As a firm with decreasing returns to scale technology increases its output,

• A) It will experience diseconomies of scale and its average cost of production will rise
• B) It will experience diseconomies of scale and its average cost of production will fall
• C) It will experience economies of scale and its average cost of production will rise
• D) It will experience economies of scale and its average cost of production will fall

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Definitions:

Void

An empty space or emptiness, often used in art and architecture to describe areas devoid of any elements or materials.

Surface

The outer or top layer boundary of an object or material, which can be perceived or examined visually or tactilely.

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Le Corbusier's Theories

Architectural philosophies and principles proposed by Le Corbusier, focusing on modernism, functionalism, and the use of new building materials and techniques.