Callie Asks Jenna Whether She Wants to Play Tag with a Group

question 119

Multiple Choice

Callie asks Jenna whether she wants to play tag with a group of her friends. Jenna joins the group of children. The children decide on the rules for tag and, as they play, they make sure that each child is following the rules. This informal, child-initiated game of tag is likely taking place _____.

• A) in a neighborhood
• B) in school
• C) under the direction of a parent
• D) in a sports league

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Definitions:

Economies of Scale

Advantages in cost that businesses gain from expanding their production scale, leading to a decrease in the average cost per unit produced as the operation size grows.

Average Farm

Refers to a farm with characteristics (size, income, production level) that represent the mean or typical values when compared to the broader agricultural landscape.

Diminishing Returns

Diminishing returns is an economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.

Diseconomies of Scale

The point at which a company or business grows so large that the costs per unit increase, leading to inefficiency and increased production costs.