Use the Table Below to Answer the Following Questions

question 94

Multiple Choice

Use the table below to answer the following questions.
Table 11.4.1
Swanky's output levels

-Refer to Table 11.4.1, which represents Swanky's production possibilities as the firm varies the quantities of knitting machines and workers per day. If Swanky increases the number of knitting machines from 1 to 2 and increases the number of workers employed from 1 to 2, the factory experiences

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

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Definitions:

Relative Frequency Histogram

A type of histogram that displays the relative frequencies of different categories of data, showing the proportion of data that falls into each category rather than the raw count.

Frequency Histogram

A graphical representation showing the frequency of various outcomes in a dataset, usually with bars.

Frequency Distribution

A statistical representation that shows the number of occurrences of each value in a dataset, often displayed in a table or graph.

Class Width

The difference between the upper and lower boundaries of a class interval in frequency distribution.