What Kind of Economies Come from Reductions in Cost Due

question 8

Multiple Choice

What kind of economies come from reductions in cost due to adoption of technology that has high fixed costs,but lower variable costs?

• A)Short-run economies of scale
• B)Short-run economies of scope
• C)Long-run economies of scale
• D)Long-run economies of scope
• E)Partially automated economies

---

Definitions:

Cross-functional Teams

Teams composed of members from different departments within an organization, brought together to achieve a specific goal.

Specialty Areas

Specific fields or areas of expertise within a broader discipline or industry.

Identify

To recognize and name someone or something based on their characteristics or qualities.

Efficiency Teams

Groups of individuals working together to optimize processes, reduce waste, and improve productivity within an organization.