The Best Explanation for the Shape of a Short Run

question 262

Multiple Choice

The best explanation for the shape of a short run marginal cost schedule is

• A) increasing returns to scale.
• B) decreasing returns to scale.
• C) there is no fixed factor of production.
• D) a fixed factor causes diminishing returns to other factors.

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Definitions:

Conversion Control Sequence

A method in programming languages to convert data from one format to another.

%-+10d

A format specifier in programming that displays an integer right-justified in a field of at least 10 characters, including a leading sign.

C Preprocessor

A tool in C and C++ that performs text substitution before the actual compilation process begins.