Economies of Scale Occur When the Average Unit Cost of the Good

question 63

True/False

Economies of scale occur when the average unit cost of the good or service begins to increase as the capacity and/or volume of throughput increases.

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Definitions:

Narcotics

Drugs used to relieve pain and induce sleep; the term is usually reserved for opiates.

Euphoric Rush

A sudden, intense feeling of happiness, excitement, or well-being often experienced spontaneously or as a result of certain stimuli or activities.

Mescaline

A hallucinogen derived from the mescal (peyote) cactus.

Hallucinogenic

Pertaining to substances that induce alterations in perception, thinking, and feeling, often resulting in visual or auditory hallucinations.