If a Firm Experiences Economies of Scale,its Long-Run Average Cost

question 4

Multiple Choice

If a firm experiences economies of scale,its long-run average cost curve is

• A) a horizontal line.
• B) downward sloping.
• C) a vertical line.
• D) upward sloping.
• E) U-shaped.

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Definitions:

Mucous Membranes

The moist tissue layers lining body cavities or passages that communicate with the exterior, such as the mouth, nose, and lungs.

Sodium

A chemical element (symbol Na) that is essential for the body in small amounts but can be harmful in excess, often influencing fluid balance and blood pressure.

Clear Liquid Diet

A diet consisting only of transparent liquids without any solid foods, recommended for medical reasons to rest the stomach or intestines.

Gelatin

A translucent, colorless, flavorless food ingredient derived from collagen that is commonly used in food products, medications, and cosmetic manufacturing.