For Each of the Following Sentences, Select the Correct Word

question 36

Multiple Choice

For each of the following sentences, select the correct word in the parentheses.
-She is an expert (in, on) identifying rare plants.

• A) in
• B) on

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Definitions:

Diseconomies of Scale

The phenomenon where, beyond a certain point, the cost per unit increases as a company continues to grow in size and output.

Per-Unit Cost

The average cost for each product produced, calculated by dividing the total production costs by the total units produced.

Output

The total quantity of goods or services produced by a firm, sector, or economy within a certain period of time.

Explicit Costs

Payments by a firm to purchase the services of productive resources.