Which of the Following Best Describes Economies of Scale

question 73

Multiple Choice

Which of the following best describes economies of scale?

• A)The average cost of production decreases as the level of output increases.
• B)The effects on costs related to managerial ability and other hard-to-quantify factors.
• C)Cost savings are realized from using many of the same inputs to produce multiple products.
• D)The average cost of production increases as the level of output increases.
• E)Cost increases are realized from using many of the same inputs to produce multiple products.

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Definitions:

Audience's Ego

Considering and catering to the self-esteem and feelings of the audience in communication efforts.

Resolve Conflicts

The process of finding a peaceful solution to a disagreement among parties, which can involve compromise or the acceptance of tolerance.

Constructively

In a manner that is helpful and positive, aimed at improving or building something rather than criticizing or destroying.

Group Development

Refers to the stages that groups typically go through as they evolve, including forming, storming, norming, performing, and adjourning.