When the Prefix 'Mega' Is Used in Measurement, It Means

question 16

Multiple Choice

When the prefix 'mega' is used in measurement, it means __________.

• A) hundred
• B) thousand
• C) million
• D) billion

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Definitions:

Internal Economies of Scale

cost advantages that a firm obtains due to expansion, leading to a decrease in the average cost per unit.

Plant

A facility where goods are produced or processed, also referring to the physical capital in production.

Firm

An organization that sells goods or services in order to make a profit.

Industry

The organized economic activity connected with the production, manufacture, or construction of goods and services.