Economies of Scale Imply That Within Some Range One Can

question 39

Multiple Choice

Economies of scale imply that within some range one can increase the size of operation and:

• A) total cost will decrease.
• B) fixed cost will decrease.
• C) average total cost will decrease.
• D) average total cost will increase.

---

Definitions:

Sustainable Value

The long-term value created by a company that not only encompasses financial performance but also includes social and environmental considerations.

Market Size

The total volume or value of sales that a particular market achieves or can achieve within a specific time frame.

Significant Problem

An issue or challenge of considerable importance or magnitude that requires attention and resolution.

Significant Want

A strong desire or need that is considered important or of great consequence.