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:

Variables

Variables are elements, features, or factors that are liable to vary or change, often used in experiments to determine if they affect the outcome.

Independent Variable

In an experimental setting, the variable that is manipulated to observe its effect on a dependent variable.

Dependent Variable

In research, the variable that is being tested and measured, often seen as the effect in an experimental study.

Family Situation

Refers to the structure, dynamics, and relationships within a person's family, impacting their development and behavior.