Economies of Scale Are

question 33

Multiple Choice

Economies of scale are:

• A) unit cost increases associated with learning effects.
• B) unit cost reductions due to inferior quality of products.
• C) realized when output is reduced to a minimum.
• D) realized when the selling price is equal to the cost price of the products.
• E) unit cost reductions associated with a large-scale output.

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Definitions:

Genetic Predispositions

An individual's likelihood of developing certain traits or disorders based on their genetic makeup.

Epigenetic Principle

A concept in developmental psychology that suggests human development occurs through predetermined unfolding of personalities, skills, and understanding, influenced by genetic factors and environmental conditions.

Genetic Factors

Components of an organism's genes that contribute to its development, traits, and behaviors.

Maturation

The process of development in which an individual reaches a higher level of psychological or physical growth, often through natural progression rather than external influences.