If, When a Firm Doubles All Its Inputs, Its Average

question 42

Multiple Choice

If, when a firm doubles all its inputs, its average cost of production increases, then production displays

• A)diminishing returns.
• B)economies of scale.
• C)diseconomies of scale.
• D)declining fixed costs.

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Definitions:

Extermination

Involves the deliberate and systematic destruction of a particular group of people, often referred to in contexts such as genocide or ethnic cleansing.

Ethnic Lines

Divisions or distinctions made between groups of people based on shared culture, ancestry, language, or national origin.

White Anglo-Saxon Protestants

A socio-political term referring to affluent and influential white Americans of Northern European, particularly British, descent.

WASPs

An acronym for White Anglo-Saxon Protestants, denoting a socio-economic and cultural group in the United States often associated with privilege and power.