How Many Earthquakes Are There Every Year

question 50

Multiple Choice

How many earthquakes are there every year?

• A) About 15
• B) About 150
• C) About 1,500
• D) About 15,000
• E) About 1,500,000

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Definitions:

Economies Of Scale

A situation where the cost per unit of output decreases as the scale of production increases.

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.

Diseconomies Of Scope

A situation where the cost of producing multiple products or services together is higher than producing them separately.

Economies Of Scope

Cost advantages that enterprises obtain due to a broader scope of operations or increased production diversity.