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:

Medial Cuneiform

A bone in the foot located at the base of the first metatarsal bone, playing a key role in the arch structure and stability of the foot.

Pectoral Girdle

The set of bones that anchors the upper limbs to the trunk, consisting of the scapulae and clavicles.

Clavicle

A lengthy bone acting as a brace between the shoulder blade and sternum, commonly referred to as the collarbone.

Scapula

A flat, triangular bone located on the posterior side of the shoulder, serving as an attachment point for muscles and supporting the arm.