Scientists Always Try to

question 12

Multiple Choice

Scientists always try to

• A) be as subjective as possible
• B) be as objective as possible
• C) disagree with the current paradigm of the time
• D) agree with the current paradigm of the time

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Definitions:

Diseconomies of Scale

Occur when a company or business grows so large that the costs per unit increase. It represents the negative counterpart to economies of scale.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operations, with cost per unit of output generally decreasing with increasing scale.

Economies of Scale

The price benefits that firms enjoy from the magnitude of their operations, where the cost of each output unit generally lessens as the scale of operations increases.

Unit Costs

The financial outlay for a company to manufacture, warehouse, and dispose of one unit of a specific item or service.