A Firm That Wants to Achieve Economies of Scale Could

question 245

Multiple Choice

A firm that wants to achieve economies of scale could do so by

• A)assigning limited tasks to its employees, so they can master those tasks.
• B)employing a smaller number of workers.
• C)producing a smaller quantity of output.
• D)producing an output level higher than the efficient scale.

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Definitions:

Performance

The act of performing a task or function, often measured against standards such as speed, accuracy, or efficiency.

Rewards

Benefits or positive outcomes given to individuals as recognition for their performance or behavior.

Inducements

Incentives or rewards offered to motivate certain behaviors or decisions.

Goal Difficulty

The degree of difficulty and the amount of effort needed to reach a goal.