Suppose There Are Economies of Scale in the Production of a Specialized

question 145

True/False

Suppose there are economies of scale in the production of a specialized memory chip that is used in manufacturing microwaves.This suggests that the microwave industry is a decreasing-cost industry.

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Definitions:

Personal Savings

The portion of disposable income not spent on consumption but kept aside for future use or emergencies.

Business Savings

Business Savings refers to the portion of a business's profits that are set aside for future investment, as opposed to being distributed to shareholders or used for current expenses.

Government Savings

Funds accumulated by a government when it receives more money from taxes and other revenues than it spends.

Neuroticism Scale

A psychological measurement tool used to assess an individual's tendency towards emotional instability and anxiety.