If the Demand for Flat Screen Television Sets Is Rising

question 28

Multiple Choice

If the demand for flat screen television sets is rising while at the same time the price of a flat screen TV is falling, there is evidence of:

• A) economies of scale.
• B) diseconomies of scale.
• C) constant returns to scale.
• D) diminishing marginal product.

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Definitions:

Application Program

Software designed to perform specific tasks for users, ranging from productivity to entertainment functions.

Perpendicular

Describes a situation where two lines or surfaces intersect at a right angle (90 degrees) to each other.

Parallel

Occurring or existing simultaneously or side by side; often used to describe processes or comparisons.

Speech Recognition

Technology that allows devices to identify and interpret spoken words and phrases, converting them into a machine-readable format for various applications.