External Economies of Scale Arise When the Cost Per Unit

question 30

Multiple Choice

External economies of scale arise when the cost per unit

• A)falls as the industry and the average firm grows larger.
• B)remains constant over a broad range of output.
• C)rises as the industry and the average firm grows larger.
• D)rises as the industry grows larger and falls as the average firm grows larger.
• E)falls as the industry grows larger and rises as the average firm grows larger.

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Definitions:

Kohlberg's Theory

A theory developed by Lawrence Kohlberg that outlines the stages of moral development in individuals, from basic understanding of rules to higher levels of ethical reasoning.

Moral Development

The process through which individuals evolve in their understanding of moral concepts, progressing through various stages of moral reasoning.

Piaget's Theory

Piaget's Theory proposes that cognitive development in children occurs through a series of stages, focusing on how children actively construct their understanding of the world through experience and interaction.

Heinz Dilemma

A classic moral dilemma used in psychology to explore moral reasoning, where an individual must choose between obeying the law and saving a life.