-Refer to Figure 8

question 15

Multiple Choice

-Refer to Figure 8.6,which shows just three of a firm's various possible short-run average cost curves.Which of the following statements is true?

• A) The firm experiences increasing returns to scale at production levels above 130 units of output
• B) The firm experiences constant returns to scale
• C) The firm experiences increasing returns to scale up to a production level of 130 units of output
• D) The firm experiences decreasing returns to scale up to a production level of 130 units of output

---

Definitions:

Unionized

Refers to workers who are members of a union, which represents their interests regarding wages, working conditions, and benefits.

Post-industrialization

A phase in economic development where a society transitions from a manufacturing-based economy to one focused on services and technology.

Global Consumerism

The global trend towards increasingly consumer-oriented societies, where purchasing and consumption of goods and services are central cultural values and indicators of economic success.

Integrated Financial Markets

Financial markets that are globally interconnected, allowing capital to move freely across borders, enhancing efficiency and liquidity.