Economies of Scale Arise When the Average Cost of Production

question 38

Multiple Choice

Economies of scale arise when the average cost of production falls

• A) as the number of units falls.
• B) as the number of units rises.
• C) as specific experience skills decline.
• D) as specific experience skills increase.
• E) as profits increase.

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Definitions:

Conscientiousness

One of the Big Five personality traits, describing individuals who are organized, dependable, and disciplined.

Messy

Describes a state of disorder, disarray, or confusion, often implying a lack of organization.

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative disposition.

Combative

Displaying readiness or eagerness to fight or argue; aggressively confrontational.