Refer to the Above Diagram

question 265

Multiple Choice

Refer to the above diagram.The variables X and Y are:

• A)inversely related.
• B)directly related.
• C)unrelated.
• D)negatively related.

---

Definitions:

Economies of Scale

Cost advantages companies experience when production becomes efficient, as the cost per unit of output decreases with increasing scale.

General Electric

A multinational conglomerate corporation operating in sectors like aviation, power, healthcare, and renewables, among others.

Plant Size

The scale or capacity of a factory or production facility, often measured in terms of productive capability or physical dimensions.

Diseconomies of Scale

An economic concept where increasing production results in higher per unit costs.