Internal Economies of Scale Arise When the Cost Per Unit

question 5

Multiple Choice

Internal economies of scale arise when the cost per unit

• A) falls as the average firm grows larger.
• B) rises as the industry grows larger.
• C) falls as the industry grows larger.
• D) rises as the average firm grows larger.
• E) remains constant over a broad range of output.

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Definitions:

Extended Care Agency

An organization that provides long-term medical and non-medical services to individuals who require assistance with daily living activities due to chronic illness or disability.

Unilateral Neglect

A condition often resulting from brain damage where a patient is unaware of and does not respond to one side of their body or the environment.

Nonblanchable Redness

Skin redness that does not lighten or turn white when pressure is applied, indicating possible tissue damage or pressure ulcer.

Impaired Skin Integrity

A condition in which the normal structure and function of the skin are damaged, leading to breaks, cuts, or lesions.