Increasing Returns to Scale Generally Exist Because Of

question 22

Multiple Choice

Increasing returns to scale generally exist because of:

• A)greater division of labor and labor specialization
• B)increased cost of hiring skilled labor
• C)less and less expensive factors of production
• D)incompatibility of labor and capital

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Definitions:

Beneficence

The ethical principle that emphasizes acting in the best interests of others, promoting good actions and minimizing harm.

Equal Distribution

The equitable allocation of resources, benefits, or responsibilities among all members of a society or group.

Interest in Existing

The inherent value or concern accorded to the state of being alive or existence itself.

Medical Research

The scientific study aimed at understanding human health and disease, developing treatments, and improving medical care.