The Main Source of Economies of Scale Is

question 8

Multiple Choice

The main source of economies of scale is

• A) reductions in the price of factors of production.
• B) greater specialization of both labor and capital.
• C) increasing average costs.
• D) decreasing marginal product.
• E) the ability to hire less labor.

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Definitions:

Races

Sociocultural categories, historically used to classify humans into groups based on physical traits, ancestry, and genetics, though widely considered a social construct.

Race Relations

The relationships and dynamics between people of different racial and ethnic backgrounds, often examined within the context of social, political, and economic structures.

African American

An alternative definition for individuals in the U.S. whose ancestry can be traced back to Africa, focusing on cultural, historical, and social aspects.

Decreasing

Becoming less in size, quantity, or frequency over time.