Which of the Following Terms Refers to the Unit Cost

question 31

Multiple Choice

Which of the following terms refers to the unit cost reductions associated with large sized outputs?

• A) Absolute advantage of production
• B) Economies of scale
• C) Constant marginal returns
• D) Diminishing marginal returns

Realize the importance of maintaining biodiversity and the potential consequences of human impact on ecological systems.

Understand the concept of exponential growth in populations.

Learn how to estimate population sizes using different methods, including the mark-recapture technique.

Understand factors affecting population size, including birth, death, immigration, and emigration.

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Definitions:

Bottoming Out

Hitting the lowest point in a declining situation, often leading to a moment of clarity or change in direction.

Experimenting

The act of conducting tests or trials to discover something unknown or test a principle.

OD Interventions

Actions and activities planned as part of organizational development to improve the organization's effectiveness.

Training Tools

Instruments or materials used to facilitate the acquisition of skills, knowledge, or competencies.