An Increase in Long-Run Average Costs Resulting from Decreases in Output

question 348

Multiple Choice

An increase in long-run average costs resulting from decreases in output is

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

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A medical condition where a person experiences loss of muscle function in part of their body.

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The front teeth in mammals that are primarily used for cutting food.

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Also known as premolars, these are types of teeth located between the canines and molars, used for grinding food.