Suppose That When a Firm Increases Output by 50%,long-Run Total

question 13

Multiple Choice

Suppose that when a firm increases output by 50%,long-run total cost increases by less than 50%.The firm will experience

• A)diminishing marginal returns.
• B)decreasing marginal rate of technical substitution.
• C)economies of scale
• D)diseconomies of scale

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Definitions:

Thrombocytes

Another term for platelets, which are blood cells involved in blood clotting.

Hemostasis

The process of stopping bleeding, which involves the coagulation of blood to prevent blood loss from damaged vessels.

Phagocytosis

The process by which cells engulf and digest solid substances, such as bacteria or other foreign particles.

Differential White Blood Cell Count

A test quantifying the percentage of different types of white blood cells present in the blood.