Economies of Scale

question 20

Multiple Choice

Economies of scale:

• A)is the same thing as increasing returns to scale.
• B)exist if a firm increases its output more than in proportion to its total input cost.
• C)exist if a firm increases its output precisely proportional to its total input cost.
• D)refers to the ability to make large-scale investments in capital.

Comprehend the principle and application of Alternative Dispute Resolution (ADR).

Understand the significance of the various types of courts and their jurisdictional bounds.

Recognize the essential elements and legal requirements for initiating and responding to litigation.

Identify and distinguish between in rem, in personam, and quasi in rem jurisdiction.