Any Firm That Has Economies of Scale Will

question 24

Multiple Choice

Any firm that has economies of scale will

• A)Try to spread production over many plants.
• B)Be able to produce at a lower unit cost as it increases production.
• C)Face an upward-sloping long-run average total cost curve.
• D)Prefer to produce a small amount of total industry output.

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Definitions:

Tetanus Of Muscles

A condition characterized by prolonged contraction of skeletal muscle fibers caused by potent toxins produced by the bacteria Clostridium tetani.

Action Potential

A rapid rise and fall in electrical membrane potential that transmits signals along neural and muscle cells.

Muscle Fibers

The cells of muscles that are specialized for contraction, allowing for body movements, posture maintenance, and heat production among other functions.

Actin And Myosin

Two proteins that form the basis of muscle contraction and movement in cells, playing a crucial role in the sliding filament model of muscle contraction.