When the Size of a Factory (And All Its Associated

question 146

Multiple Choice

When the size of a factory (and all its associated inputs) doubles and,as a result,output more than doubles,

• A)The law of diminishing returns must not apply in the smaller factory.
• B)Economies of scale must exist.
• C)The short-run ATC curve must be declining.
• D)Marginal costs must be declining.

Differentiate between Durkheim's concepts of the sacred and the profane.

Comprehend the societal impact of rituals according to Durkheim.

Identify the role of religion in providing social solidarity and knowledge.

Understand Karl Marx's and Weber's perspectives on religion and its socio-economic implications.

---

Definitions:

Contribution Margin

The amount remaining from sales revenue after variable costs are subtracted, showing what's left over to cover fixed costs and generate profit.

Sales Volume

This refers to the total number of units of a product or service sold over a specific period.

Account Analysis

A method for analyzing cost behavior in which an account is classified as either variable or fixed based on the analyst’s prior knowledge of how the cost in the account behaves.

Mixed Cost

An expense that contains both fixed and variable components, changing in total with the level of activity though containing a constant element.