Which of the Following Is a Characteristic of Economies of Scale

question 24

Multiple Choice

Which of the following is a characteristic of economies of scale?

• A)The average cost declines as output increases
• B)The average cost increases as output increases
• C)The average cost remains constant as output increases
• D)The average costs are cheaper when a firm produces a wider variety of goods
• E)The average cost curve takes the form of a U-shape

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Definitions:

Analog Sound Waves

Continuous sound signals that vary in amplitude and frequency, representing audio in a form analogous to its original waveforms.

Digital Sound

Digital sound refers to audio signals that have been converted into a digital format, allowing for the storage, manipulation, and playback of sound using digital technology.

TIF

Tagged Image File Format, a flexible, adaptable file format for handling images and data within a single file, often used for high-quality image storage.

PNG

A popular image file format (Portable Network Graphics) known for its lossless compression and support for transparency in web graphics.