In the Long Run a Company That Produces and Sells

question 442

Multiple Choice

In the long run a company that produces and sells laundry detergent incurs total costs of $2,500 when output is 1,250 units and $2,750 when output is 1,500 units. For this range of output, the laundry detergent company exhibits

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)efficient scale.

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Definitions:

Only Children

Persons who don't share their childhood familial environment with siblings, potentially influencing their personality development, social interactions, and psychological traits distinctly.

Levels

Different stages, degrees, or magnitudes of something, used to categorize, measure, or compare aspects of phenomena or experiences.

Intelligence

The ability to learn from experience, solve problems, and use knowledge to adapt to new situations.

Objective Goals

Specific, measurable outcomes that individuals or organizations aim to achieve within a time frame.