In an Increasing-Cost Industry, an Increase in Output Will Lead

question 184

Multiple Choice

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

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

---

Definitions:

Postindustrial Society

A society characterized by an economy focused on services and information rather than on industrial production of goods.

Service Jobs

Employment positions focused on providing services rather than producing goods, including roles in healthcare, education, finance, and hospitality.

Sociologists

Social scientists who study human societies, their interactions, and the processes that preserve and change them.

Networks

Systems of interconnected people, devices, or organizations for sharing information and resources.