Some Goods Can Be Produced at Low Cost Only If

question 247

Multiple Choice

Some goods can be produced at low cost only if they are produced in large quantities.This phenomenon is called

• A)marginal cost of production.
• B)marginal benefit of size.
• C)economies of scale.
• D)economies of production.

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Definitions:

Electroencephalogram

A test that measures electrical activity in the brain using small, metal discs attached to the scalp, used to diagnose neurological disorders.

Brain Waves

Patterns of electrical activity in the brain, often categorized into beta, alpha, theta, and delta waves, which reflect different states of consciousness.

SQUID

A device used in physics and medical imaging that measures extremely subtle magnetic fields, short for Superconducting Quantum Interference Device.

Magnetic Fields

Invisible fields that exert a force on particles that are electrically charged or are magnetically polarized, extending from magnetic objects.