As Production Increases and the Fixed Cost Is Divided by Larger

question 157

Multiple Choice

As production increases and the fixed cost is divided by larger quantities of output,average fixed cost drops.This is referred to as the _____ effect.

• A)diminishing returns
• B)spreading
• C)constant cost
• D)increasing returns

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Definitions:

Change

The process or event of becoming different, which can occur in varying degrees and contexts across personal, social, and professional environments.

Successful

Achieving a desired outcome, goal, or level of recognition, often through hard work and perseverance.

Intrapersonal Competency

The ability of an individual to understand and manage their own emotions, motivations, and behaviors.

Impulse Control

The ability to resist or delay an impulse, urge, or temptation to act, contributing to emotional and behavioral regulation.