Economies of Scale Yield

question 139

Multiple Choice

Economies of scale yield

• A)declining average cost as output increases
• B)declining marginal cost as output increases
• C)declining total cost as output increases
• D)diminishing average returns as output increases
• E)increasing marginal revenue as output increases

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Definitions:

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Previous studies or scientific investigations conducted before the current study.

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A well-substantiated explanation of some aspect of the natural world, based on a body of facts that have been repeatedly confirmed through observation and experimentation.

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A quality of a hypothesis that allows it to be proven true or false through experimentation or observation.

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