_____ Are Considered the First Large-Scale Interactive Global System

question 86

Multiple Choice

_____ are considered the first large-scale interactive global system.

• A)Credit card services
• B)Hotel reservation systems
• C)Airline reservation systems
• D)Car rental services

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Definitions:

Diseconomies of Scale

A phenomenon that occurs when a company or business grows so large that the costs per unit increase.

Total Cost

The sum of all expenditures incurred in the production of goods or services, including fixed and variable costs.

Diseconomies of Scale

The phenomenon where production costs increase as a firm's output expands, leading to inefficiencies.

Long-Run Average Total Cost

The average cost per unit of output when all factors of production, including capital, are variable in the long term.