An Increase in Output Would Result in No Change in Long-Run

question 318

Multiple Choice

An increase in output would result in no change in long-run average costs when there are

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

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Definitions:

Adaptive Abilities

The capability of individuals or species to adjust or change in response to new or altered environmental conditions.

Profound

Having deep insight or understanding; extremely meaningful or significant.

Moderate

Refers to being within reasonable limits; not excessive or extreme.

Klinefelter Syndrome

A genetic condition affecting males, characterized by an extra X chromosome, which can lead to physical abnormalities and fertility issues.