Author Question: Economies of large-scale production may exist in some forms of production, so larger markets ... (Read 104 times)

chads108 · **on:** Jun 30, 2018

Economies of large-scale production may exist in some forms of production, so larger markets associated with greater populations can lead to more efficiently sized production units.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An example of opportunity cost:
a. is the Chinese food that you gave up when you chose to eat Italian food.
b. is the tuition that you pay to attend college.
c. for a professor of economics is the pleasure that he or she derives from teaching economics.
d. is sweets given up by a person who would never eat them even if he or she could.
e. is the amount spent on buying movie tickets.