If a National Market Is Small,there May Not Be Enough

question 114

Multiple Choice

If a national market is small,there may not be enough demand to enable producers to realize _____ for certain products.

• A)adequate supply
• B)economies of scale
• C)cheap labor
• D)low volumes

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Definitions:

Min Function

A mathematical function used to determine the smallest value among a set of numbers or inputs.

Income

A measure of money received on a regular basis, either through employment, business, investments, or other sources.

Price of X

The specific cost or value associated with a particular item or commodity, denoted as "X."

Price of Y

The monetary cost or value assigned to a good or service, labeled as 'Y'.