The Main Sources of Economies of Scale Are

question 73

Multiple Choice

The main sources of economies of scale are

• A) increasing marginal cost and decreasing marginal product.
• B) specialization of resources such as labor and capital.
• C) caused by the difficulty of coordinating and controlling large enterprises.
• D) decreasing marginal cost and increasing marginal product.
• E) an increase in a firm's bargaining power to lower the wage rate and the cost of capital as the firm's output increases.

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Definitions:

Agonist

is a substance that binds to a receptor and triggers a response in the body, often mimicking the action of a naturally occurring substance.

Excitatory Neurotransmitter

Chemical substances in the nervous system that increase the likelihood of firing the neuron to which they bind, promoting neural activity.

Limbic System

A complex set of brain structures located on both sides of the thalamus, immediately beneath the cerebrum, involved in various functions including emotions, behavior, and long-term memory.

Medulla

Part of the brainstem that controls vital bodily functions such as heartbeat and breathing.