The Larger the Diameter of a Natural Gas Pipeline, the Lower

question 38

Multiple Choice

The larger the diameter of a natural gas pipeline, the lower is the average total cost of transmitting 1,000 cubic feet of gas 1,000 miles. This is an example of one reason for

• A)economies of scale.
• B)diminishing returns to scale.
• C)diminishing marginal returns.
• D)increasing marginal cost.

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