Which of the Following Statements Explains the Difference Between Diminishing

question 181

Multiple Choice

Which of the following statements explains the difference between diminishing returns and diseconomies of scale?

• A)Diminishing returns are the result of changes in explicit costs. Diseconomies of scale are the result of changes in explicit costs and implicit costs.
• B)Diminishing returns refer to production while diseconomies of scale refer to costs.
• C)Diminishing returns cause a firm's marginal cost curve to rise; diseconomies of scale cause a firm's marginal cost curve to fall.
• D)Diminishing returns apply only to the short run; diseconomies of scale apply only in the long run.

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Systematic Disparities

Structural inequalities entrenched in societal systems that lead to unequal outcomes for different groups based on race, economic status, or other characteristics.

Poverty

A socioeconomic condition characterized by a severe lack of financial resources and access to basic needs.

Health Differences

The variability in health status and health outcomes among different populations, often influenced by social, economic, and environmental factors.

Social Organization

The structured arrangement of relationships and roles within a society, including institutions, groups, and norms that guide social interactions.