Doubling the Circumference of an Oil Pipeline More Than Doubles

question 164

Multiple Choice

Doubling the circumference of an oil pipeline more than doubles the volume of oil that can be pumped through.This is an example of

• A)production inefficiency
• B)diminishing marginal returns
• C)diseconomies of scale
• D)constant returns to scale
• E)economies of scale

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Definitions:

Weber's Definitions

The concepts and theoretical frameworks developed by Max Weber, a key sociologist who studied authority, social stratification, and the impact of culture on society.

Class

In Marx’s sense of the term, is determined by a person’s relationship to the means of production. In Weber’s usage, class is determined by a person’s “market situation.”

Status Groups

Communities or groups of people who share a similar social status, often determined by factors such as occupation, wealth, and prestige.

Parties

Social gatherings of invited guests, typically involving eating, drinking, and entertainment; in a political context, organized groups of people with similar ideological beliefs or goals.