A Firm That Is Able to More Efficiently Utilize By-Products

question 148

Multiple Choice

A firm that is able to more efficiently utilize by-products as it increases production in the long run is an example of:

• A) economies of scale.
• B) diseconomies of scale.
• C) labor-intensive production.
• D) capital-intensive production.

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Definitions:

Stakeholders

Individuals or groups with an interest in the success or outcome of an endeavor, project, or organization.

Professional Blog

An online platform where individuals or companies publish articles related to their field of expertise.

Audience

the group of people targeted or reached by a message, performance, or presentation.

EOM

End of Message, often used in emails to indicate that the main message is in the subject line and the email body can be ignored.