A Firm Is Most Likely to Experience Economies of Scale

question 15

Multiple Choice

A firm is most likely to experience economies of scale if its start-up costs are high and its marginal cost is ________.

• A)increasing
• B)low
• C)high
• D)decreasing

---

Definitions:

Change Competency

The ability of an individual or organization to adapt effectively to new conditions, challenges, or environments.

Technological Forces

The influences that advancements or changes in technology have on society, the economy, and individual businesses.

Competency

A combination of skills, knowledge, and behaviors that are required for effective performance in a job role.

Organizational Behavior

The study of how people interact within groups in a workplace setting and how this behavior affects the performance of the organization.