Economies of Scale Exist as a Firm Increases Its Size

question 17

Multiple Choice

Economies of scale exist as a firm increases its size in the long run because of all of the following except

• A)the firm can afford more sophisticated technology in production.
• B)labour and management can specialise even further in their tasks.
• C)as a larger input buyer, the firm can purchase inputs at a lower per unit cost.
• D)as a firm expands its production, its profit margin per unit of output increases.

---

Definitions:

Memory Researcher

A scientist who specializes in studying how memory works, including how information is encoded, stored, and retrieved.

Bartlett

Refers to Frederic Bartlett, a British psychologist renowned for his work in memory and cognitive psychology.

Meyer

This could refer to multiple individuals depending on the context; in psychology, it might not refer to a specific, widely-recognized theory or concept without additional qualifiers.

Ebbinghaus

Refers to Hermann Ebbinghaus, a German psychologist who pioneered the experimental study of memory, known for his discovery of the forgetting curve and the spacing effect.