Technical Economies of Scale Are Closely Related to Which of the Following

question 131

Multiple Choice

Technical economies of scale are closely related to which of the following?

• A)The law of diminishing returns.
• B)Decreasing returns to scale.
• C)Rising short-run average total cost.
• D)Falling short-run marginal cost.
• E)Increasing returns to scale.

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Definitions:

Evaluation

The systematic assessment of the performance, value, or quality of a project, program, or individual.

Formation Of Values

The development of personal principles and standards of behavior, influenced by factors such as culture, family, and personal experiences.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Pessimistic View

A tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.