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

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Definitions:

Thalamus

A part of the brain located above the brainstem that acts as a relay station, directing sensory and motor signals to the cerebral cortex, and plays a role in the regulation of consciousness, sleep, and alertness.

Epithalamus

is a dorsal posterior segment of the diencephalon of the brain, important in the secretion of melatonin by the pineal gland and in sleep regulation.

Corpus Callosum

A thick band of nerve fibers that connects the two cerebral hemispheres, facilitating communication between them.

Hypothalamus

An area in the brain that is in charge of producing hormones and controlling essential body processes like temperature and appetite.