Economies of Scale Are Said to Exist When Inputs Are

question 79

Multiple Choice

Economies of scale are said to exist when inputs are increased by some percentage and output increases by a(n) __________ percentage, causing unit costs to __________.

• A)greater; fall
• B)smaller; fall
• C)greater; rise
• D)smaller; rise
• E)equal; fall

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Definitions:

Herbicide-Tolerant Weeds

Weeds that have developed resistance to herbicides, making them difficult to control in agricultural settings.

Herbicide-Tolerant Plants

Genetically modified or selectively bred plants that possess the ability to survive and reproduce after exposure to herbicides aimed at killing weeds.

Transgenic Crops

Plants that have been genetically modified by inserting DNA from a different species to express desired traits such as pest resistance or increased yield.

Pest-Resistant

Refers to plants or organisms that have inherent qualities allowing them to repel or withstand damage from pests.