____ Refers to Unit Cost Increases Associated with a Large

question 24

Multiple Choice

____ refers to unit cost increases associated with a large scale of output.

• A) Economies of scale
• B) Learning effects
• C) Diseconomies of scale
• D) Flexible manufacturing
• E) Mass customization

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Definitions:

Enslaved African-Americans

Individuals of African descent who were forcibly brought to the United States and subjected to forced labor and servitude until the abolition of slavery.

Declaration Of Independence

A document adopted on July 4, 1776, by the Second Continental Congress, declaring the thirteen American colonies independent from British rule.

Household Slave

An enslaved person who worked primarily within the owner's household, performing domestic chores and duties.

Intellectual Ability

The capacity to think abstractly, reason, plan, solve problems, comprehend complex ideas, learn quickly, and learn from experience.