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:

Permissible Length

The maximum legal dimension for the length of a vehicle or vehicle combination as defined by transportation regulations.

Semi-Trailer

A type of trailer designed to carry freight, attached at the front to a tractor unit, and supported at the rear by its own wheels.

Roll-Up Rear Door

A type of door commonly used on commercial vehicles and storage containers that rolls up to open, allowing for easy access to the cargo area.

Pickup And Delivery Work

Pickup And Delivery Work involves the transport of goods or materials from a pickup point to a specified delivery location, common in logistics and courier services.