Economies of Scale and Increasing Returns to Scale Are the Same

question 116

True/False

Economies of scale and Increasing Returns to Scale are the same thing looked at from either the production or cost perspective.

---

Definitions:

Focus

Concentration on a particular task or subject.

Growth Spurt

A rapid increase in height and weight, typically occurring during puberty.

Kohlberg's Theory

A theory of moral development proposed by Lawrence Kohlberg, suggesting that people progress through a series of stages in their ability to make moral judgments, starting from a pre-conventional level to a principled level.

Conventional Level

According to Kohlberg, a period during which moral judgments largely reflect social rules and conventions.