It Has Been Observed That a Product's Production Costs Decline

question 44

Multiple Choice

It has been observed that a product's production costs decline by some quantity about each time cumulative output _____.

• A) increases by twenty five percent
• B) quadruples
• C) doubles
• D) triples

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Definitions:

Last Glacial Maximum

The period in the Earth's climatic history during the last ice age when ice sheets were at their maximum extent, covering much of North America, Europe, and Asia.

Global Sea Level

The average height of the Earth's oceans' surface, used as a standard basis for measuring elevation and depth on Earth.

Ice Volume

The amount of ice contained within glaciers, ice caps, and ice sheets globally or regionally.

Ambrosia

In classical mythology, is the food of the gods, believed to confer immortality; in modern contexts, it can refer to something very pleasing to taste or smell.