Which of the Following Would Contribute Most to a Firm

question 165

Multiple Choice

Which of the following would contribute most to a firm experiencing "economies of scale"?

• A)rising long-run average costs
• B)the law of diminishing marginal returns
• C)specialization of labor and management within the firm
• D)deterioration of information and control within the firm

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Definitions:

Genetic Engineering

involves the direct manipulation of an organism's genes using biotechnology, allowing for the alteration of genetic makeup.

Vortex Mixing

A method of mixing materials using a rapidly rotating movement that creates a vortex, efficiently combining liquids or solids with liquids.

Insertion

When referring to a muscle, the connection of the muscle to the bone that moves.

Foreign Genes

Genes that are introduced into an organism from a different species through genetic engineering techniques.