Which of the Following Is Not True About a Cohort

question 19

Multiple Choice

Which of the following is not true about a cohort study?

• A) They are sometimes called follow-up or longitudinal studies.
• B) Participants are generally free of disease.
• C) They are usually small.
• D) They may take many years to conduct.

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Definitions:

Decreasing Returns to Scale

A situation in which, when the scale of production is increased, the output increases at a proportionally lower rate.

Minimum Efficient Scale

The smallest level of production a company can achieve while still taking full advantage of economies of scale in terms of costs per unit.

Long-Run Average Cost Curve

A graphical representation showing the lowest average cost of producing any output level when all inputs can be varied.

Plant Size

Plant Size pertains to the capacity or physical dimensions of a manufacturing or production facility.