Which of the Following Is Not a Source of Economies

question 91

Multiple Choice

Which of the following is not a source of economies of scale?

• A) Division and specialisation of labour.
• B) Increase in output.
• C) More efficient use of capital.
• D) All of these.

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Definitions:

Elastic

Refers to the degree to which the demand or supply for a product or service changes in response to a change in price.

Downsloping

Describing a curve or line that moves from a higher to a lower point, often used to illustrate the downward trend in price and quantity relationships in economics.

Marginal Revenue Curve

A graphical representation showing how the revenue from selling one additional unit varies.

Horizontal

A line or direction parallel to the ground or to the bottom edge of a page, representing equality or uniformity in a graphical representation.