The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 34

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following statements about an increasing-returns-to-scale industry is not true?

• A)It will tend to concentrate production in the hands of a very few large firms.
• B)Firms in the industry face higher costs per unit of production as their level of output increases.
• C)Opportunity costs may rise with the level of output in such industries.
• D)Tariffs can be used to stimulate production by a domestic industry capable of achieving increasing returns to scale.
• E)The costs of producing a unit of output fall as more output is produced in such industries.

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Definitions:

Power Assertion

A disciplinary technique used by caregivers that involves the use of authority, demands, and possibly physical coercion to correct or direct a child's behavior.

Interpersonal Problems

Difficulties or conflicts in interactions between individuals in various settings, including personal relationships, workplaces, and social contexts.

Prosocial Behaviors

Actions that are undertaken to benefit others, such as helping, sharing, and comforting, indicative of empathy and moral development.

Inductive Techniques

Methods of reasoning that derive general principles from specific observations or instances.