Some Goods Can Be Produced at Low Cost Only If

question 247

Multiple Choice

Some goods can be produced at low cost only if they are produced in large quantities.This phenomenon is called

• A)marginal cost of production.
• B)marginal benefit of size.
• C)economies of scale.
• D)economies of production.

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Definitions:

English Civil War

A sequence of military engagements and political strategies involving Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England, spanning from 1642 to 1651.

Commonwealth Periods

Commonwealth Periods refer to times in the history of certain nations where they were governed as a commonwealth, a political community founded for the common good, often after periods of colonial rule or monarchy.

Pueblo Revolt

A 1680 uprising of most of the indigenous Pueblo people against the Spanish colonizers in the province of Santa Fe de Nuevo México.

Spanish

Relates to Spain, its people, culture, or language, which is a Romance language originating in the Iberian Peninsula of Europe.