An Internal Economy Means That ________,While an External Economy Means

question 18

Multiple Choice

An internal economy means that ________,while an external economy means that ________.

• A)firm costs fall as firm output increases, firm costs fall as industry output increases
• B)firm costs fall as industry output increases, firm costs fall as firm output increases
• C)firm costs fall as firm output increases, firm costs rise as industry output increases
• D)firm costs fall as industry output increases, firm costs rise as firm output increases

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Definitions:

Weight Density

A measure of how much mass a material has in a given volume, often used in shipping to determine freight classification.

Transportation Cost

The expenses associated with moving goods, materials, or people from one location to another, including fuel, labor, and vehicle maintenance costs.

Order Lead Time

The duration from when an order is placed until it is fully processed and delivered to the customer, affecting supply chain efficiency.

Customer Places

Locations or platforms where customers engage with businesses, make purchases, or receive services.