When There Are Increasing Returns to Scale, Average Costs Must

question 35

Multiple Choice

When there are increasing returns to scale, average costs must be:

• A) falling.
• B) rising.
• C) constant.
• D) falling, then rising.

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Definitions:

Accessing Critical Resources

The ability to obtain essential services or goods that support survival and well-being.

Clients

Individuals or entities that receive professional services or advice from a company or professional, often within the context of consulting, legal, and therapeutic fields.

System Development Roles

Positions or job titles relevant to the creation and maintenance of systems, which might include roles such as developer, analyst, tester, and project manager.

Policy Developers

Individuals or groups involved in creating guidelines, rules, or procedures intended to govern or direct specific areas of public or organizational life.