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

question 76

Multiple Choice

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

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

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Definitions:

Economic Marginality

Refers to the condition of individuals or groups being on the edge of economic stability, often experiencing inadequate access to resources, employment, and income.

Richard Quinney

A prominent sociologist known for his contributions to the conflict theory of criminology, focusing on the social realities of crime and its societal implications.

Dominant Class

The dominant class refers to the group of people in a society who hold the most power, wealth, and prestige, often dictating the primary cultural, political, and economic directions.

Linguistic Domination

The control or supremacy of one language over others, often leading to the suppression or decline of minority languages.