In the Long Run a Company That Produces and Sells

question 520

Multiple Choice

In the long run a company that produces and sells covers for cell phones incurs total costs of $2,500 when output is 1,250 covers and $4,000 when output is 1,500 covers. For this range of output, the cell phone cover company exhibits

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)efficient scale.

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Definitions:

Album

A collection of audio recordings issued as a single item on CD, record, or digital format, typically by a single artist or band.

File

A collection of data or information that is stored under a specific name on a computer or digital device.

Full Collection

A term referring to the complete set of items or data within a specific category or library.

Photos app

A software application designed for managing, viewing, editing, and organizing digital photographs on devices such as computers, tablets, or smartphones.