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

question 258

Multiple Choice

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

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

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Definitions:

Racial Ideology

A set of beliefs and values that assigns superiority or inferiority to individuals based on perceived racial characteristics.

Jim Crow South

Pertains to the era and area in the Southern United States where laws enforced racial segregation and discrimination against African Americans, post-Civil War until the mid-20th century.

Black Women

Represents African American females, acknowledging their experiences, struggles, and contributions within the contexts of race and gender.

National Association

An organization formed for the purpose of advocating on behalf of a specific national interest or to conduct activities around a specific area of concern, often seen in titles of groups like the NAACP (National Association for the Advancement of Colored People).