In Which of the Following Circumstances Can a Firm Best

question 37

Multiple Choice

In which of the following circumstances can a firm best achieve economies of scale?

• A) When the firm is able to spread the costs of investments in plant across many sales
• B) When the firm creates better quality products due to higher quality equipment
• C) When the firm is able to reap the benefit of investing in research through higher customer satisfaction
• D) When the firm creates highly customized products for a niche audience in the market

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Definitions:

Diatomic Elements

Molecules composed of only two atoms, of the same or different chemical elements.

Atoms

The basic units of matter and the defining structure of elements, consisting of a nucleus surrounded by electrons.

Systematic Name

A name given to compounds as per the rules determined by the International Union of Pure and Applied Chemistry (IUPAC).