If the Expansion of Output in an Industry Leads to Unchanged

question 149

Multiple Choice

If the expansion of output in an industry leads to unchanged resource prices, the industry is most likely to be

• A) a decreasing cost industry.
• B) an increasing cost industry.
• C) a constant cost industry.
• D) an industry characterized by economies of scale.

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Definitions:

Anatman

Buddhist doctrine that there is no separate self.

Eternal Atman

The concept in Hindu philosophy of the true self, or soul, which is eternal and transcends the physical body and personal identity.

Practicing Rituals

The act of performing ceremonial actions prescribed by tradition or by sacerdotal decree.

Harmonize

To bring into agreement or concord, especially musically or in terms of ideas, actions, or conditions.