"Economies of Scale" Means That

question 175

Multiple Choice

"Economies of scale" means that:

• A) as a company produces larger numbers of a particular product, the cost of each unit of the product goes down.
• B) the more producers there are in an economy the greater the need for intermediaries.
• C) larger countries enjoy more economic growth than smaller countries.
• D) as a company produces larger numbers of a particular product, the total cost of producing these products goes down.
• E) All of the above are true.

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Definitions:

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The ability to understand and contemplate one's own reality, feelings, mental processes, setting, and personal experiences.

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A psychologist who studies and applies the principles of behaviorism, a theory of learning that emphasizes observable behaviors over internal psychological processes.

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