When the Survivorship Method of Cost Estimating Is Used,an Increase,over

question 9

Multiple Choice

When the survivorship method of cost estimating is used,an increase,over time,in the proportion of industry product produced by medium size firms indicates the existence of

• A)continuing economies of scale.
• B)continuing diseconomies of scale.
• C)a U-shaped long-run average cost curve.
• D)large technological changes.

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Definitions:

Plan A

Often implies a primary strategy or initial course of action set before any alternatives are considered.

Plan B

A backup plan or alternative strategy in case the original plan fails or circumstances change.

Social Influence

The effect of other people's actions, perceptions, or behavior on an individual's attitudes, beliefs, or actions.

Majority And Minority

Terms related to the larger part of a group (majority) and the smaller part or subgroups within it (minority), often discussed in the context of social dynamics and power structures.