which of the following would contribute most to a firm experiencing economies of scale?
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which of the following would contribute most to a firm experiencing economies of scale?
answer :When more units of a good or service can be produced on a larger scale, yet with (on average) fewer input costs, economies of scale are said to be achieved. Alternatively, this means that as a company grows and production units increase, a company will have a better chance to decrease its costs.
Which of the following is most likely to be an example of economies of scale?
Which of the following is most likely to be an example of economies of scale? The per-unit costs on Excel Publishing Company’s manuals fall because it adopted a new technology after receiving a large order from the government.