Economies of Scale Are Indicated by

question 11

Multiple Choice

Economies of scale are indicated by

• A)declining long-run AVC.
• B)declining long-run AFC.
• C)declining long-run AC.
• D)declining long-run TC.

---

Definitions:

Visual Spatial Reasoning

The ability to mentally manipulate 2-dimensional and 3-dimensional figures and to understand spatial relationships in order to solve problems.

Wechsler Intelligence Scale

A standardized test designed to measure human intelligence in various dimensions.

Spatial Cues

Environmental or sensory indicators that provide information about location, distance, and orientation in space.

Nonwestern Cultures

Societies and cultures that develop outside of the Western European and North American norms and traditions.