Economies of Scale Refer to the

question 28

Multiple Choice

Economies of scale refer to the

• A)Reduction in minimum average costs due to an increase in the number of workers hired.
• B)Reduction in minimum average costs due to an increase in plant size.
• C)Downward-sloping portion of the marginal cost curve.

---

Definitions:

Adolescence

A developmental phase following childhood and before adulthood, characterized by physical, psychological, and social changes.

Parental Influence

The effect that parents have on their children's development, behavior, and decisions, through their actions, teachings, and support.

Psychosocial Task

A challenge or duty that is related to an individual's psychological development and social interactions.

Intimacy

Intimacy refers to a close, familiar, and usually affectionate or loving personal relationship with another person or group.