Economies of Scale Refer to

question 59

Multiple Choice

Economies of scale refer to

• A) a feature of short- run production functions but not long- run production functions.
• B) the point at which marginal cost equals average cost.
• C) the fact that, in the long run, fixed costs remain constant as output increases.
• D) the range of output over which the long- run average cost falls as output increases.

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Definitions:

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A blood group classification indicating the presence of Rh antigens in the red blood cells.

Citrate

A salt or ester of citric acid, often involved in energy production within living organisms' cellular respiration pathways.

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A gland in the male reproductive system that surrounds the neck of the bladder and urethra, responsible for secreting components of semen.

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Essential ions in the body that play crucial roles in muscle contractions, neural signaling, and blood coagulation.