External Economies of Scale Will ________ Average Cost When Output

question 7

Multiple Choice

External economies of scale will ________ average cost when output is ________ by ________.

• A) reduce; increased; the industry
• B) reduce; increased; a firm
• C) increase; increased; a firm
• D) increase; increased; the industry
• E) reduce; reduce; the industry

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Definitions:

Temperature

A measure of the average kinetic energy of the particles in a system, indicating how hot or cold the system is.

Latitude

Latitude refers to a geographic coordinate that specifies the north-south position of a point on the Earth's surface.

Biological Magnification

The process by which the concentration of toxic substances increases in organisms at each successive level of the food chain.

Saprotroph

Organisms that obtain nutrients by consuming decomposing organic matter, playing a crucial role in the ecosystem's nutrient cycle.