Economies of Scale Exist When the ________ a Unit of a Good

question 284

Multiple Choice

Economies of scale exist when the ________ a unit of a good ________.

• A) average cost of producing; falls as its output rate increases
• B) price; falls as its input rate decreases
• C) price; rises as its output rate increases
• D) average cost of producing; rises as its input rate increases

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Definitions:

Human Body

The physical structure of a person, including all organs, tissues, and cells.

Chromosomes

Structures within cells that contain DNA and carry genetic information necessary for reproduction, growth, and maintenance of organisms.

Noncoding DNA

Segments of DNA that do not code for proteins but have roles in regulating gene expression and maintaining chromosome structure, among other functions.

Junk DNA

Refers to regions of DNA that are noncoding, once thought to have no function but now understood to have regulatory roles.