Answer to Question 1
TRUE
Answer to Question 2
Internal economies of scale come from decreasing average costs as production increases. The source of the decrease in average costs could be the spread of fixed costs over a greater number of units of output, which might come from plant size, significant research and development costs, marketing or market research costs, engineering, etc. Increasing the size of the firm's market decreases average production costs. Consumers benefit from more choices and lower prices. Product differentiation is enhanced through the introduction of a foreign firm's products in the domestic market. External economies of scale come from a concentration of an industry in a specific geographic location. There is no cost advantage to the firm being larger, but because the industry is focused in a specific location, labor and other input markets are deep and highly specialized. Firms benefit from knowledge spillover in both formal and informal ways.
The blue-ringed octopus (Hapalochlaena lunulata) is highly poisonous.
Romanesque capital showing Samson and the lion (13th century).
Impetigo, a highly contagious bacterial infection.
Prostate cancer. In this example, a large mass has grown into the urinary bladder. Prostate cancer i
Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o
The ability to solve problems may be highly efficient in the older adult