-For ABC, Inc

question 83

Multiple Choice

-For ABC, Inc., 250,000 units of output per year represent minimum efficient scale. If ABC, Inc. decides to produce 200,000 units this year, it will be operating in the region of

• A)decreasing returns to scale.
• B)economies of scale.
• C)diseconomies of scale.
• D)constant returns to scale.
• E)none of the above

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Definitions:

U.S. Food and Drug Administration

A federal agency responsible for protecting and promoting public health by controlling and supervising the safety of food, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, medical devices, and veterinary products.

Enforcement Agency

A governmental agency that has the authority to enforce laws, regulations, or rules.

Truth-in-Lending Act

Legislation at the federal level intended to facilitate the informed use of credit by consumers by mandating the disclosure of its terms and costs.

Total Amount Financed

In a loan, the total sum of money provided, including the principal and any additional fees or charges by the lender.