You Are the Manager and Owner of E-Bulbs Inc

question 123

Multiple Choice

You are the manager and owner of E-bulbs Inc.and you know that your factory experiences economies of scale.You want to quantify the extent of scale economies in the production of E-bulbs Inc.so you need to find:

• A)diseconomies of scale.
• B)minimum efficient scale.
• C)diminishing marginal productivity.
• D)diminishing marginal returns.

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Definitions:

Risky

Entails exposure to danger, harm, or loss, often used to describe investments or decisions with a high potential for negative outcomes.

Productivity

The measure of efficiency in converting inputs into useful outputs, often assessed in the context of work, manufacturing, and time management.

Salespeople

Individuals who sell goods and services to customers, often directly, using knowledge, persuasion, and interpersonal skills to achieve sales objectives.

Product Knowledge

Refers to a thorough understanding of a product's features, benefits, and uses, enabling more effective sales and customer service.