When Economies of Scale Are Present

question 153

Multiple Choice

When economies of scale are present,

• A)costs per unit decline as output expands.
• B)the government feels responsible for breaking up the firm.
• C)firms always make handsome profits.
• D)costs fall as the size of the product is increased.

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Definitions:

Human Brain

The central organ of the human nervous system, responsible for processing sensory information, regulating bodily functions, and enabling cognition and emotions.

Biological Predisposed

Refers to the inherent tendency of an organism to develop certain traits or behaviors based on genetic factors.

Evolutionary Psychologists

Researchers who study the evolutionary basis of human behaviors and mental processes.

Genetic Predispositions

The inherited genetic patterns that influence the likelihood of developing certain diseases or behaviors.