The Main Source of Economies of Scale Is

question 8

Multiple Choice

The main source of economies of scale is

• A) reductions in the price of factors of production.
• B) greater specialization of both labor and capital.
• C) increasing average costs.
• D) decreasing marginal product.
• E) the ability to hire less labor.

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Definitions:

Observations

The act of noticing and recording something, often used in research or clinical settings to gather data.

Interviews

A method of gathering information through direct conversation, often used for research, assessment, or employment selection.

Case Notes

Detailed written records maintained by healthcare professionals, social workers, or other practitioners about the care, services, or therapy provided to a client.

Folk Concepts

Informal, culturally specific beliefs and understandings about the world, often passed down through generations and not necessarily based on scientific evidence.