What Are the Coordinates of Point B

question 104

Multiple Choice

What are the coordinates of point B?

• A) (- 5, 4)
• B) (- 5, - 3)
• C) (4, 1)

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Definitions:

Increasing Returns To Scale

See Economies of scale.

Economies Of Scale

Exist when average costs fall as output increases.

Diseconomies Of Scale

Exist when average costs rise with output.

Marginal Costs

The cost associated with producing one additional unit of a product, useful for decision-making on production levels and pricing.