Suppose Honda Can Triple Its Production of Civics by Tripling

question 123

Multiple Choice

Suppose Honda can triple its production of Civics by tripling its production facility for those cars. This indicates the presence of

• A)constant returns to scale.
• B)economies of scale.
• C)diseconomies of scale.
• D)the law of diminishing returns.
• E)minimum efficient scale.

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Definitions:

17th Century

The period extending from the year 1601 to 1700 in the Gregorian calendar, marking a phase in world history rich in changes in art, science, and power dynamics.

16th Century

The century spanning from the year 1501 to 1600, marked by significant events such as the Reformation and the beginning of the European exploration and colonization of the Americas.

Dual Nature

The concept of having two distinct aspects, often referring to objects, beings, or phenomena that exhibit contrasting properties or characteristics.

Emerald Buddha

A revered green jade or jasper statue of the meditating Gautama Buddha, housed in the Wat Phra Kaew temple in Bangkok, Thailand.