Whether or Not a Production Process Shows Economies of Scale

question 82

Multiple Choice

Whether or not a production process shows economies of scale depends on

• A)the number of inputs used.
• B)technology.
• C)technology and input prices.
• D)technology and output prices.

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Definitions:

Impulsive

Characterized by actions taken without forethought or consideration of the consequences, often driven by immediate desires.

Introvert

An individual who primarily focuses on internal thoughts and feelings rather than seeking external stimulation.

Sensitivity

The capacity to perceive and process emotional cues and subtleties in one's environment.

Stimulation

The action of encouraging something to develop, increase, or become more active.