-In the Above Figure, the Long-Run Cost Curve Between Points

question 358

Multiple Choice

-In the above figure, the long-run cost curve between points C and D illustrates

• A) diseconomies of scale.
• B) diminishing marginal product.
• C) constant returns to scale.
• D) economies of scale.

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Definitions:

Profit Centers

Divisions or branches of a business that are directly responsible for generating its income and are evaluated based on their profitability.

Sales

The transaction where a product is swapped for financial compensation; engaging in the act of selling an item.

Costs

Costs related to producing goods or services, comprising materials, labor, and overhead costs.

Profit Centers

Divisions or segments of a business that directly contribute to its profits through their activities and performance.