Economies of Scale Exist When

question 89

Multiple Choice

Economies of scale exist when

• A)total cost decreases as output increases.
• B)long-run average cost decreases as output increases.
• C)marginal cost decreases as output increases.
• D)fixed cost decreases as output increases.

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Definitions:

Grazing Food Web

A community of organisms where the primary energy transfer is through consumption of plants (primary producers) by herbivores (grazers).

Atmospheric Carbon Dioxide

A greenhouse gas present in the Earth's atmosphere, contributing to the greenhouse effect and global warming.

Carbonic Acid

A weak acid formed in solution when carbon dioxide dissolves in water, playing a crucial role in the carbon cycle and the acid-base balance in blood.

Calcium Carbonate

A chemical compound with the formula CaCO3, found in rocks as the minerals calcite and aragonite and is the main component of shells of marine organisms, snails, and eggs.