If the Total Cost of Producing 10 Jets Is $28

question 123

Multiple Choice

If the total cost of producing 10 jets is $28 million and the total cost of producing 11 jets is $30 million, this firm is experiencing

• A) economies of scale in the range of 10 to 11 jets.
• B) constant returns to scale in the range of 10 to 11 jets.
• C) diseconomies of scale in the range of 10 to 11 jets.
• D) increasing average variable costs in the range of 10 to 11 jets.

---

Definitions:

General Pediatrics

The branch of medicine that deals with the care and development of infants, children, and adolescents.

Orthopedic Surgery

A branch of surgery concerned with conditions involving the musculoskeletal system, requiring operative and non-operative treatment.

Income Percentage

The portion or share of one's income allocated or spent on specific expenses, savings, or investments, usually expressed as a percentage.

Doctorate Degree

The highest level of academic degree awarded by universities, typically after a course of study that follows a master's degree.