If a firm wants to capitalize on economies of scale, it may be able to do so by

Question

If a firm wants to capitalize on economies of scale, it may be able to do so by _______ A.  hiring a smaller number of workers B.  assigning limited tasks to workers so they can master those tasks C.  training workers in several tasks so they can cover for each other when needed D.  producing a smaller quantity of output If a firm wants to capitalize on economies of scale, it may be able to do so by _______ A.  hiring a smaller number of workers B.  assigning limited tasks to workers so they can master those tasks C.  training workers in several tasks so they can cover for each other when needed D.  producing a smaller quantity of output

Explanation / Answer

One of the reasons behind the economies of scale is the division of labor and specialization.

Division of labor and specialization implies that firm divides the tasks among workers with each worker being assigned a limited number of tasks so that he or she can master those tasks and efficiency of labor can be improved.

So,

If a firm wants to capitalize on economies of scale, it may be able to do so by assigning limited tasks to workers so that they can master those tasks.

Hence, the correct answer is the option (B).

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.