-In the Above Figure, the Long-Run Cost Curve Between Points

question 275

Multiple Choice

-In the above figure, the long-run cost curve between points E and F illustrates

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

---

Definitions:

IQ Scores

A measure of a person's cognitive abilities and potential, commonly expressed as a score derived from standardized tests designed to assess human intelligence.

Percentage

A mathematical term describing a number or ratio expressed as a fraction of 100.

Standardized Tests

Tests that are administered and scored in a consistent, or "standard," manner and are designed to measure students' comparative performance.

Normal Curve

A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central region, with values tapering off as they move away from the center.