A U-Shaped Long-Run Average Cost Curve Implies That a Firm

question 280

True/False

A U-shaped long-run average cost curve implies that a firm experiences economies of scale at low levels of production and diseconomies of scale at high levels of production.

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Definitions:

Sexual harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature that affects an individual's employment, interferes with work performance, or creates a hostile work environment.

Disparate impact

A theory in anti-discrimination law that occurs when policies, practices, rules, or other systems that appear to be neutral result in a disproportionate impact on protected groups.

Disparate treatment

A legal doctrine under U.S. employment law that refers to intentional discrimination against individuals on the basis of race, color, religion, sex, or national origin.

Employment practices

Policies, procedures, and actions related to the management of employees within an organization, including hiring, training, promotion, and termination.