Economies of Scale Exist as a Firm Increases Its Size

question 296

Multiple Choice

Economies of scale exist as a firm increases its size in the long run because of all of the following except

• A)the firm can afford more sophisticated technology in production.
• B)labor and management can specialize even further in their tasks.
• C)as a larger input buyer, the firm can purchase inputs at a lower per unit cost.
• D)as a firm expands its production, its profit margin per-unit of output increases.

Recognize the importance of investigative journalism in uncovering significant social issues.

Understand methods by which reports, especially involving scientific issues, can be inaccurately presented or biased.

Understand the influence and manipulation tactics of government officials on news dissemination.

Recognize the alleged media biases and their implications on public perception.