In the Long Run a Company That Produces and Sells

question 520

Multiple Choice

In the long run a company that produces and sells covers for cell phones incurs total costs of $2,500 when output is 1,250 covers and $4,000 when output is 1,500 covers. For this range of output, the cell phone cover company exhibits

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)efficient scale.

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Definitions:

Logical Decisions

The process of making choices based on logical conditions within programming or digital circuits.

Weak Signal Sources

Sources that generate signals with low amplitude or power, often requiring amplification or processing to be useful in applications.

Scan Time

The period required for a programmable logic controller (PLC) to read its inputs, execute its program, and update its outputs.