Which of the Following Statements Accurately Brings Out the Difference

question 100

Multiple Choice

Which of the following statements accurately brings out the difference between economies of scale and learning effects?

• A) While there are no diseconomies to learning, there are diseconomies to scale.
• B) Economies of scale occur over time, whereas learning effects are captured at one point in time.
• C) Firms experience economies of scale when output increases, and learning effects when output decreases.
• D) Economies of scale reduce cost per unit, learning effects increase cost per unit.

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Definitions:

Ripple Effect

A chain reaction that spreads across a network or system, often amplifying the initial impact of a change or disturbance.

Mathematical Scheduling Models

Methods or algorithms used to allocate resources and time optimally to tasks or operations.

Forward Scheduling

A planning approach that starts scheduling activities or operations from the earliest possible date and moves forward in time to establish due dates or delivery dates.

End Items

Final products that are completed and ready to be sold or delivered to customers.