Economies of Scale Are Created by Greater Efficiency of Capital

question 5

Multiple Choice

Economies of scale are created by greater efficiency of capital and by:

• A) longer chains of command in management.
• B) better wages for labor.
• C) smaller plant sizes.
• D) increased specialization of labor.

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Definitions:

Bytes

Bytes are a unit of digital information storage, typically consisting of 8 bits, used to encode a single character of text in a computer.

Yards

A unit of length equal to 3 feet or approximately 0.9144 meters.

Meters

A unit of length in the metric system, equal to 100 centimeters or approximately 39.37 inches.

Meters

The fundamental unit of length in the metric system, equivalent to 100 centimeters or approximately 39.37 inches.