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:

Internet Switching Units

Devices used in networking to connect and route data packets between different segments of the internet or other network environments.

Pacific Ring of Fire

An area in the basin of the Pacific Ocean where a large number of earthquakes and volcanic eruptions occur in a horseshoe shape.

Composite Volcanoes

Volcanoes characterized by explosive eruptions, steep slopes, and composition of alternating layers of lava and ash.

Drains the Volcano

The process by which magma, gases, or fluids are released from the volcano, reducing pressure within the magma chamber.