When __________________ Exist, Doubling of All Inputs Will Result in More

question 67

Multiple Choice

When __________________ exist, doubling of all inputs will result in more than doubling output, which means __________________________________________.

• A) economies of scale; a larger factory can produce at a lower average cost than a smaller company.
• B) economies of scale; a smaller factory can produce at a lower average cost than a larger company.
• C) low labor inputs; larger scale of production leads to higher costs.
• D) labor inputs; economies-of-scale curve is U-shaped.

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Definitions:

Axillary Lymph System

Part of the lymphatic system located in the armpit (axilla) area, containing lymph nodes that filter lymph fluid from the upper limbs, chest, and breast area.

Gynecomastia

The enlargement of breast tissue in males, which can occur due to hormonal imbalances, medication side effects, or certain diseases.

Hormonal Changes

Hormonal changes refer to variations in the levels of hormones in the body, which can affect various bodily functions and stages of life, such as puberty, pregnancy, and menopause.

Late Bloomer

An individual who experiences physical or psychological development later than typically expected.