Multiple choice question: Which of the following is an accurate statement about
ID: 467701 • Letter: M
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Multiple choice question: Which of the following is an accurate statement about economies of scale? A.Production costs per unit are less in a large facility than in a small facility B.The more products a company makes, the lower its variable production costs C.Economies of scale are identical to throughput D.Doubling factory size typically doubles fixed costs E.Companies with economies of scale have high capacity utilizationMultiple choice question: Which of the following is an accurate statement about economies of scale? A.Production costs per unit are less in a large facility than in a small facility B.The more products a company makes, the lower its variable production costs C.Economies of scale are identical to throughput D.Doubling factory size typically doubles fixed costs E.Companies with economies of scale have high capacity utilization
Multiple choice question: Which of the following is an accurate statement about economies of scale? A.Production costs per unit are less in a large facility than in a small facility B.The more products a company makes, the lower its variable production costs C.Economies of scale are identical to throughput D.Doubling factory size typically doubles fixed costs E.Companies with economies of scale have high capacity utilization
Explanation / Answer
C.Economies of scale are identical to throughput
Economic of scale is the situation where the cost of producing an additional unit of output of a product decreases as the volume of output increases.
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