A Firm That Enjoys Economies of Scale Is Said to Have

question 3

Multiple Choice

A firm that enjoys economies of scale is said to have:

• A)constant returns to scale.
• B)increasing returns to scale.
• C)decreasing returns to scale.
• D)marginal returns to scale.

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Definitions:

Rhin/o

A prefix relating to the nose, used in medical terms.

-Lith

A suffix meaning "stone" or "calculus," used in medical terms related to calculous diseases.

Auditory Canal

The tube running from the outer ear to the middle ear, also known as the ear canal, which conducts sound waves to the eardrum.

Cerumen

A yellowish waxy substance secreted in the ear canal, commonly known as earwax.