A Decrease in the Long-Run Average Costs Resulting from Increasing

question 177

Multiple Choice

A decrease in the long-run average costs resulting from increasing output is referred to as

• A) diseconomies of scale.
• B) constant return to scale.
• C) a scale invariant process.
• D) economies of scale.

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Definitions:

Sunlight

The natural light emitted by the sun, which is essential for photosynthesis in plants, influences climate and weather, and provides energy and warmth to the Earth's surface.

Ozone

A molecule consisting of three oxygen atoms, important in the stratosphere for protecting the Earth from harmful ultraviolet radiation.

Antarctica

The Earth's southernmost continent, covered by an ice sheet and surrounded by the Southern Ocean.

Upper Stratosphere

The higher portion of the stratosphere, located above the troposphere in the Earth's atmosphere, important for its role in filtering ultraviolet radiation.