Economies of Scale Can Occur as a Result of Which

question 64

Multiple Choice

Economies of scale can occur as a result of which of the following?

• A) increasing marginal returns as the firm increases its size
• B) lower fixed cost as the firm increases its size
• C) management difficulties as the firm increases its size
• D) greater specialization of labor and capital as the firm increases its size
• E) increased total cost when the firm increases its size

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Definitions:

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The idea that a person's customs and actions should be interpreted by others based on the cultural context of that person.

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An identifiable community within a larger societal framework, characterized by unique beliefs or interests that differ from the mainstream culture.

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Individuals who engage in intensive physical training and dieting to develop and maintain an aesthetically muscular physique, often for competitive display.