Someone Once Said That Chevrolet Is So Large That If

question 129

Multiple Choice

Someone once said that Chevrolet is so large that if it shakes its tail, its takes two years for its head to notice it.This is an example of

• A)profit centers
• B)economies of scale
• C)diseconomies of scale
• D)diminishing marginal returns
• E)diminishing marginal cost

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Definitions:

Nonrenewable Resource

A natural resource that cannot be readily replaced by natural means at a quick enough pace to keep up with consumption.

Capital

The equipment and structures used to produce goods and services

Poor Country

A nation characterized by a low standard of living, low income per capita, and often lacking in basic infrastructure and services.

Rich Country

A nation characterized by a high gross domestic product (GDP) per capita, indicating a high standard of living, advanced technological infrastructure, and a well-developed economy.