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:

Spiritual Leadership Theory

A leadership model that emphasizes the importance of values, beliefs, and a sense of purpose in motivating followers.

Societal Benefits

The advantages or positive outcomes that contribute to the well-being or improvement of society as a whole.

Socialized Power Orientation

A focus on using power and influence for the benefit of the larger group or community, rather than for personal gain.

Demoralizing

Actions or situations that reduce an individual’s motivation, enthusiasm, or confidence, negatively impacting their performance or attitude.