Which of the Following Statements About Persian Couriers Is True

question 21

Multiple Choice

Which of the following statements about Persian couriers is true?

• A)They traveled 90 miles a day. 
• B)Couriers were Persian merchants who developed a vast trade network.
• C)They were crucial to government communication with its vast empire.
• D)The courier system stationed a man and a horse a day apart. 
• E)All of these choices. 

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Definitions:

Marginal Cost

The additional cost incurred from producing one more unit of a good or service.

Average Total Cost

A firm’s total cost divided by output (the quantity of product produced); equal to average fixed cost plus average variable cost.

Economies of Scale

Cost advantages that a business obtains due to expansion, leading to a reduction in the average cost per unit through increased production.

Diseconomies of Scale

The situation in which a business grows to a point where the costs per unit increase, opposed to saving costs, often due to managerial inefficiencies or complexity.