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.

Apply basic genetic concepts to understand human physical and behavioral traits.

Understand the concept of Expected Monetary Value (EMV) and how to calculate it.

Recognize the importance of demand levels in decision-making processes.

Learn how to construct and analyze decision tables and payoff tables for business decisions.

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Definitions:

Endowment

An economic term referring to all assets, financial and non-financial, given to an individual or institution for a specific purpose.

Asset Returns

The income generated from investing in financial or physical assets, usually expressed as a percentage of the purchase price.

Interest Rate

The segment of a loan that bears interest for the borrower, normally delineated as an annual percentage of the loan's unpaid balance.

Growth Rate

The rate at which the amount, number, or value of something increases over a specific period of time.