When the Number of Mega-Producers of Hobs That Operated at a Lower

question 104

Multiple Choice

When the number of mega-producers of hobs that operated at a lower average cost than smaller producers rose, the number of hogs slaughtered rose to record levels. What economic concept does this describe?

• A) Economies of scope
• B) Economies of scale
• C) Indivisible setup costs
• D) Minimum efficient production

---

Definitions:

SSD

Solid State Drive, a type of storage device that uses integrated circuit assemblies to store data persistently, typically using flash memory, and functioning as secondary storage in the hierarchy of computer storage.

Storage Spaces

A Windows 8/10 technology that allows combining different types of storage devices into one writable space.

RAID

A technology that combines multiple disk drives into a single logical unit for data redundancy or performance improvement.