When Costs Per Unit Fall as Output Increases,_________________ Occur

question 84

Multiple Choice

When costs per unit fall as output increases,_________________ occur.

• A) Economies of scope
• B) Diseconomies of scale
• C) Economies of efficiency
• D) Economies of scale

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Definitions:

Defined-Contribution Plan

Retirement plan in which the employer sets up an individual account for each employee and specifies the size of the investment into that account.

Retirement Income

The financial income one receives after retiring from active employment, which can come from pensions, savings, investments, and government programs.

Social Security Benefits

Government-financed programs providing retirement, disability, survivorship, and death benefits to eligible individuals.

Exempt Amount

The portion of income or value that is not subject to tax or is excluded from calculation under certain conditions or allowances.