A Firm That Is Able to More Efficiently Utilize By-Products

question 148

Multiple Choice

A firm that is able to more efficiently utilize by-products as it increases production in the long run is an example of:

• A) economies of scale.
• B) diseconomies of scale.
• C) labor-intensive production.
• D) capital-intensive production.

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Definitions:

Women

Adult human females, often discussed within contexts such as health, society, rights, and roles.

Ruminate

To think deeply about something, often in a repetitive or ponderous way.

Arguments

Exchanges of divergent or opposite views, typically a series of reasons or evidence in support of and against a proposition.

Reduced

Made smaller or less in amount, degree, or size.