In a Decreasing-Cost Industry, an Increase in Output Will Lead

question 121

Multiple Choice

In a decreasing-cost industry, an increase in output will lead to

• A) an upward shift in the ATC curve.
• B) an upward shift in the MC curve.
• C) a reduction in long-run per-unit costs.
• D) an increase in long-run per-unit costs.

---

Definitions:

Half-day Kindergarten

An educational program for young children that only occupies either the morning or afternoon rather than a full school day.

Full-day Kindergarten

A school program for young children that lasts for the entire day as opposed to a half-day, providing educational activities and care.

Sleep Terrors

Episodes of screaming, intense fear, and flailing while still asleep, often occurring in children and resulting in significant distress.

Adolescence

The transitional stage of development that occurs between childhood and adulthood, marked by significant physical, psychological, and social changes.