Queen Victoria ____. ​

question 63

Multiple Choice

Queen Victoria ____. ​

• A)was a carrier of hemophilia
• B)had a hemophilic parent
• C)had hemophilia
• D)married a man with hemophilia
• E)both had a hemophilic parent and married a man with hemophilia

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Definitions:

Long-run Average Cost

The per-unit production cost when all factors of production, including capital, are variable, and the scale of production can be changed.

Output Units

Quantitative measures representing the amount of goods or services produced by a company or an economic system.

Constant Returns to Scale

A situation where increasing all inputs by the same proportion results in output increasing by that same proportion, indicating linear scalability of production processes.

Economies of Scale

Refers to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.