Economies of Scale Occur When

question 132

Multiple Choice

Economies of scale occur when

• A)long-run average total costs rise as output increases.
• B)long-run average total costs fall as output increases.
• C)average fixed costs are falling.
• D)average fixed costs are constant.

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Definitions:

Skill Variety

The degree to which a job requires a variety of different activities that involve the use of multiple skills and talents of the person performing the job.

Job Restructuring

The process of modifying job roles and responsibilities, often to improve productivity, satisfaction, or accommodate workers' needs.

Scientific Management

A management theory that examines and integrates work processes to enhance economic effectiveness and particularly boost labor productivity.

Geographic Region

A specific area defined by physical location, cultural identity, or administrative boundaries.