Chapter 20 - Cost

1		The creation of a large bureaucracy as a business firm grows would be considered a(n) .
2		At the left end of the long-run planning envelope curve, as output rises, ATC is .
3		"Work expands so as to fill the time available for its completion" is known as .
4		When diminishing returns set in, ATC is .
5		Receiving quantity discounts is an example of a(n) .