The Long-Run Average Cost Curve Is U-Shaped Because of Which

question 116

Multiple Choice

The long-run average cost curve is U-shaped because of which of the following?

• A) decreasing marginal returns as more labor is hired
• B) constant fixed costs as output is increased
• C) economies and diseconomies of scale
• D) increasing marginal returns as more labor is hired
• E) decreasing average fixed costs as output is increased

---

Definitions:

Obsessive-compulsive-related Disorders

A group of psychiatric disorders characterized by obsessive thoughts and compulsive actions, often causing significant distress and impairing daily functioning.

Clinically Significant Fear

An intense and persistent fear that is excessive or unreasonable and leads to significant distress or impairment in functioning.

Everyday Fear

Common fears that individuals experience during routine daily activities.

Unconditional Positive Regard

Full, warm acceptance of a person regardless of what he or she says, thinks, or feels; a critical component of client-centered therapy.