At a particular output level, if a firm's long-run marginal cost is $10 and its long-run average cost is $10, the firm is likely to be experiencing ________.
A) economies of scale
B) constant returns to scale
C) diseconomies of scale
D) sunk costs
B) constant returns to scale
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What is an ascribed status?
A. A status that a person has little or no choice about occupying B. A status that a person chooses C. A status that a person earns, as when a successful law student becomes a lawyer D. A position of dominance in a society E. A status based on standardized test scores
Distinguish between the vertical and horizontal functions of kinship
What will be an ideal response?
Traditionally, art and religion occupy mutually exclusive realms in society
Indicate whether the statement is true or false.
Answer the following statements true (T) or false (F)
1. Broadway profits expanded during the severe recession that started in 2007. 2. Identity theatre is primarily concerned with identifying profitable markets. 3. Plays of interest to gays and lesbians are regularly produced at for-profit theatres.