-Refer to the Above Figure

question 219

Multiple Choice

-Refer to the above figure. Constant returns to scale exist

• A) up to output Q2.
• B) from Q2 to Q5.
• C) after Q5.
• D) over the entire long-run average cost curve.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus after it has been repeatedly paired with an unconditioned stimulus.

Unconditioned Response

An automatic, natural response to a stimulus that occurs without any need for prior learning or conditioning.

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Preparedness

The state of being readily equipped to handle anticipated situations or emergencies.