Examples of Economies of Scale Are

question 84

Multiple Choice

Examples of economies of scale are:

• A)The additional fees financial intermediaries charge on small accounts
• B)The decrease in overall transaction costs that occur as volume increases
• C)The reduction in the cost per transaction that occurs as the number of transactions increase
• D)The decrease in overall information costs that occurs as more transactions are handled

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Definitions:

Unknown Quantity

A value in mathematics or science that is not initially known but is sought through problem-solving.

Proportion

A portion, fraction, or quantity of something as it relates to the entirety.

Unknown Quantity

A variable or value in a mathematical equation or problem that is not known but can be solved for using given information.

Like Terms

Algebraic terms that have the same variable parts and powers.