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:

NLRB

The National Labor Relations Board is a federal agency in the United States charged with enforcing US labor law in relation to collective bargaining and unfair labor practices.

Certification Election Process

A formal procedure allowing workers to vote on whether or not they wish to be represented by a union in dealing with their employer.

Experimental Laboratory Conditions

A controlled setting used for research where variables can be manipulated to observe and study effects under replicable conditions.

Elections

A formal and organized process of voting to choose individuals for public office or to decide on public issues.