Economies of Scale

question 238

Multiple Choice

Economies of scale

• A)require inputs' MPP to fall as output increases (everything else equal).
• B)pertain to the long run only.
• C)refer to increased output generalized by an increase in the quantity of a single input.
• D)imply that the AC curve will fall continuously as output increases in the short run.

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Definitions:

Functional Play

A type of play observed in children where activities are focused on using objects the way they are meant to be used, developing their understanding and skills.

Formal Games

Structured forms of play, often with established rules and competition, such as board games, card games, or sports.

Symbolic Play

A play pattern where children use objects, actions, or ideas to represent other objects, actions, or ideas, showing the development of abstract thinking.

Functional Play

Play that involves simple, repetitive activities typical of toddlers, which are crucial for their motor development and understanding of the world.