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Each topic sentence below is followed by supporting details. Select the letter of the answer that arranges each group of details according to space order. Describe a science classroom.
____ rows of chairs and counters where students are writing
____ back wall of shelves with jars containing small animals, a human brain
____ on front counter, large plastic model of an eyeball
____ human skeleton hanging on a pole in front of the jars
____ professor in white lab coat explaining the parts of the eye
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.
Diseconomies of Scale
A condition where a firm experiences increasing production costs and decreasing returns as it becomes too large.
Production Function
An economic model that describes the relationship between inputs used in production and the output of goods or services.
Marginal Cost
The extra expense associated with manufacturing an additional unit of a product or service.
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