Economies of Scale Is Another Term for

question 230

Multiple Choice

Economies of scale is another term for

• A)increasing returns to scale.
• B)constant returns to scale.
• C)increasing marginal physical productivity.
• D)decreasing returns to scale.

---

Definitions:

Product Costs

Costs that are directly associated with the production of goods or services, including materials, labor, and overhead expenses.

Downstream Cost

Expenses incurred after the production phase, such as distribution and marketing costs.

Quality Check

The process of inspecting products or services to ensure they meet the required quality standards before being delivered to customers.

Wine Production

The process of cultivating grapes and converting them into wine through fermentation, aging, and bottling, involving both agricultural and industrial activities.