Economies of Scale Are the Same as

question 160

Multiple Choice

Economies of scale are the same as

• A)decreasing returns to scale.
• B)increasing returns to scale.
• C)constant returns to scale.
• D)diminishing marginal returns.
• E)increasing marginal product of labor.

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Definitions:

Balanced Chemical Equation

A symbolic representation of a chemical reaction in which the number of atoms for each element is equal on both the reactant and product sides.

Coefficients

Numerical or constant multipliers that are placed before variables in equations to denote how many units of the variable are involved.

Gaseous Reaction

A chemical reaction that involves substances in the gas phase.

Final Mixture

The end product of a process in which two or more substances are combined, yielding a uniform composition throughout.