When a Business Drives Costs Down as Its Cumulative Output

question 53

Multiple Choice

When a business drives costs down as its cumulative output increases,it is referred to as:

• A) A learning curve.
• B) An output curve.
• C) A demand curve.
• D) A distribution curve.

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Definitions:

World Wars

Refers to the two major global conflicts of the 20th century: World War I (1914-1918) and World War II (1939-1945), involving many of the world's nations.

Dominance

The state or condition of having power and influence over others, often observed in social, economic, and ecological contexts.

Economic System

The structure of methods and principles a society uses to produce and distribute goods and services.