If Production Displays Diseconomies of Scale, the Long-Run Average Cost

question 149

Multiple Choice

If production displays diseconomies of scale, the long-run average cost curve is

• A)above the short-run average total cost curve.
• B)above the long-run marginal cost curve.
• C)upward sloping.
• D)downward sloping.

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Definitions:

Cell

The basic structural, functional, and biological unit of all living organisms, acting as the building block of life.

Extinction Rates

The rate at which species disappear from Earth, often accelerated by human activities, leading to biodiversity loss.

Mass Extinction

Significant and widespread loss of species across multiple ecosystems within a short geological period, often due to catastrophic events or human activities.

Range of Tolerance

The range of environmental conditions that are tolerable for survival in a species.