If the Expansion of Output in an Industry Leads to Unchanged

question 149

Multiple Choice

If the expansion of output in an industry leads to unchanged resource prices, the industry is most likely to be

• A) a decreasing cost industry.
• B) an increasing cost industry.
• C) a constant cost industry.
• D) an industry characterized by economies of scale.

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Definitions:

Spores

Spores are reproductive cells that are capable of developing into a new individual without sexual fusion, characteristic of various plants, algae, fungi, and some bacteria.

Budding

A form of asexual reproduction where a new individual grows from a certain point of the parent organism and eventually detaches itself to become independent.

Candida

A genus of yeasts, some species of which can cause infections in humans, especially in immunocompromised individuals.

Human Fungal Vaginitis

A condition caused by the overgrowth of fungi in the vagina, leading to inflammation, itching, and discharge.