Which of the Following Statements Is True About Economies of Scale

question 17

Multiple Choice

Which of the following statements is true about economies of scale?

• A)Economies of scale lead to an increase in the average unit cost of a product.
• B)Attaining economies of scale increases a firm's profitability.
• C)The ability to spread variable costs over a large volume is a source of economies of scale.
• D)Economies of scale result due to the increase in the perceived value of a product.
• E)Economies of scale refer to cost savings that come from learning by doing.

---

Definitions:

Apartheid Victims

Individuals who suffered under the systematic segregation and racial discrimination enforced by the apartheid regime in South Africa.

Follow-up Services

Post-treatment or post-intervention services aimed at ensuring continuity of care, support, and assessment of progress over time.

Institute

An organization created for a particular purpose, especially in the scientific, educational, or social field.

Reconciliation

As it relates to cultural groups, efforts to bring about peaceful and nonviolent relationships between ethnic groups previously in conflict as well as between perpetrators and victims.