Which of the Following Is True Regarding Economies of Scale

question 128

Multiple Choice

Which of the following is true regarding economies of scale?

• A)It is another term for constant returns to scale.
• B)They are present only in pecuniary forms.
• C)They exist in both the short run and the long run.
• D)They are cost advantages that are achieved as a result of large-scale operations.

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Definitions:

Patterns of Knowing

Refers to the different ways of understanding and acquiring knowledge in a field, often including empirical, aesthetic, personal, and ethical dimensions.

Content Component

The specific elements or subjects that make up the substance or material of a program, course, or educational material.

Affiliated-individuation

A developmental process combining the need for close relationships with the need for personal independence and identity.

Personal Individuation

The process of developing a distinct and unique identity, separating oneself from the collective identity of a group.