The Main Source of Economies of Scale Is

question 8

Multiple Choice

The main source of economies of scale is

• A) reductions in the price of factors of production.
• B) greater specialization of both labor and capital.
• C) increasing average costs.
• D) decreasing marginal product.
• E) the ability to hire less labor.

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Definitions:

Babbling

The production of repetitive syllables by infants, which precedes the development of language.

Phonemic Speech

The aspect of language that deals with the system of sounds (phonemes) and their function and usage within a language.

Telegraphic Speech

A developmental stage in child language acquisition where speech is concise and includes only essential content words, resembling the succinctness of a telegram.

Symbolism

The use of symbols to represent ideas or qualities in literature, art, and other forms of cultural expression.