If Economies of Scale Are Relatively Important in an Industry

question 160

Multiple Choice

If economies of scale are relatively important in an industry, the typical firm's

• A)marginal cost curve will decline continuously until it reaches minimum efficient scale.
• B)long-run average cost curve will begin rising before it reaches minimum efficient scale.
• C)long-run average cost curve will reach a minimum at a level of output that leaves room for a large number of firms to enter the industry.
• D)long-run average cost curve will reach a minimum at a level of output that is a relatively large fraction of total industry sales.

Investigate environmental chemistry issues, particularly related to water contamination.

Understand the concepts of primary and secondary growth in plants.

Differentiate between the various modified plant structures and their functions.

Identify tissue distribution differences between monocot and eudicot roots.

---

Definitions:

Deposits Increase

A rise in the amount of money held in bank accounts, often indicative of an economy's health or individual savings growth.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Withdraw

The act of removing funds from an account, investment, or deposit.

Growing Annuity

Cash operations expanding regularly across a set number of intervals.