The Basic Notion of Economies of Scale Is That as a Plant

question 68

True/False

The basic notion of economies of scale is that as a plant gets larger and volume increases, the average cost per unit of output drops.

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Definitions:

Enron

A former American energy, commodities, and services company based in Houston, Texas, known for one of the largest business scandals involving bankruptcy due to fraud.

Cyber Terrorism

The use of the internet to conduct violent acts that threaten or cause significant harm to life, data, or security, with the intent of furthering political or ideological objectives.

New York Stock Exchange

A leading global securities exchange where stocks, bonds, and other financial instruments are bought and sold.

Embezzlement

The act of withholding assets for the purpose of theft by someone who has been entrusted with those assets, often involving money or property.