If an Increase in the Size of a Factory Results

question 55

Multiple Choice

If an increase in the size of a factory results in reductions in minimum average costs,this is known as:

• A) Marginal cost pricing.
• B) Diminishing marginal returns.
• C) Rising average total cost.
• D) Economies of scale.

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Definitions:

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember.

Percent

A proportion or share in relation to a whole, represented as a part of one hundred.

Acetylcholine

A neurotransmitter in both the central and peripheral nervous system that plays an important role in muscle movement and cognitive processes.

Cognitive Decline

The gradual reduction in cognitive abilities, such as memory, thinking, and judgment, often associated with aging or neurological conditions.