On Average, Which Skill Does an Infant Develop First

question 10

Multiple Choice

On average, which skill does an infant develop first?

• A) running
• B) walking backward
• C) walking alone
• D) jumping

Recognize the significance of opportunity costs in profit-maximizing firm decisions.

Explain the impact of economies and diseconomies of scale on firm's cost structures.

Understand the factors contributing to diseconomies of scale within large management structures.

Explain the conditions under which firms experience economies of scale.