If the Expansion of Output in an Industry Leads to Unchanged

question 107

Multiple Choice

If the expansion of output in an industry leads to unchanged resource prices, the industry is most likely to be a(n) :

• A) decreasing cost industry.
• B) increasing cost industry.
• C) constant cost industry.
• D) industry characterized by economies of scale.

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Definitions:

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The scientific study of genes, heredity, and the variation of organisms.

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The range of actions and manners exhibited by children as they develop, influenced by genetics, upbringing, and their environment.

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A group of individuals sharing a common characteristic or experience within a defined period, often used in epidemiological and sociological research.

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The legal dissolution of a marriage by a court or other competent body.