When We Experience Economies of Scale This Means That as Production

question 170

True/False

When we experience economies of scale this means that as production levels rise we make more of something),the cost of supplies and cost of labor that goes into the production,goes down.

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Definitions:

Effort

The amount of energy, time, and resources that an individual invests in completing a task or achieving a goal.

Goals

Targets or desired outcomes that an individual, group, or organization aims to achieve.

Effort

The amount of physical or mental energy applied to achieve a task or goal.

Persistence

The quality of continuing steadfastly or firmly in a course of action in spite of difficulty or opposition.