If there are efficiencies of scale, then adding resources will make the process more efficient.

Name: If there are efficiencies of scale, then adding resources will make the process more efficient.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Efficiencies of scale refer to the cost advantages that result when the size of an operation increases. By adding resources, such as equipment or personnel, the operation is able to increase its output at a lower cost per unit. Therefore, the process becomes more efficient with the addition of resources.

If There Are Efficiencies of Scale, Then Adding Resources Will