When Economies of Scale Are Present

question 153

Multiple Choice

When economies of scale are present,

• A)costs per unit decline as output expands.
• B)the government feels responsible for breaking up the firm.
• C)firms always make handsome profits.
• D)costs fall as the size of the product is increased.

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Definitions:

Efferent Vessel

An efferent vessel is a lymphatic or blood vessel that carries fluid away from an organ or tissue, opposite to an afferent vessel which brings fluid to it.

Afferent Vessel

A vessel that carries blood or lymph fluid towards a particular tissue or organ in the body.

Lymphoid Organ

Lymphoid organs, including the lymph nodes, spleen, and thymus, are part of the immune system and play a role in producing, storing, and carrying white blood cells.

Lymphatic Vessel

A network of thin tubes that transport lymph, a fluid containing white blood cells, throughout the body.