"When the Cost of Producing a Unit of a Good

question 295

Multiple Choice

"When the cost of producing a unit of a good falls as its output rate increases" is the definition of

• A) economies of scope.
• B) economies of scale.
• C) economic efficiency.
• D) technological efficiency.

---

Definitions:

Tax Matters

Issues, policies, and regulations related to taxation and its administration.

Financial Planning

The process of estimating the capital required and determining its competition, Formulating financial policies concerning procurement, investment, and administration of funds of an enterprise.

Data Processing Functions

The series of operations on data, especially by a computer, to retrieve, transform, or classify information.

Cost Accounting

is a process of recording, classifying, analyzing, and allocating all costs associated with the production process to evaluate financial performance.