When an Increase in the Firm's Output Reduces Its Long-Run

question 20

Multiple Choice

When an increase in the firm's output reduces its long-run average total cost,it achieves _____ scale.

• A)economies of
• B)diseconomies of
• C)constant returns to
• D)variable returns to

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Definitions:

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Bleak Thoughts

Pessimistic, hopeless, or despairing ideas and mental states.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and withdrawal from reality.

Split Mind

Split mind, often associated with schizophrenia, describes a condition characterized by a fragmented thought process and a lack of integration of thoughts and emotions.