Economies of scale can result from

Name: Economies of scale can result from
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economies of scale can result from all of the mentioned factors. Larger machines can produce goods more efficiently and reduce per-unit costs. Specialization allows workers to become more skilled at their specific tasks, leading to increased productivity and lower costs. Large purchases allow for discounts and lower per-unit costs. Therefore, all three factors can contribute to economies of scale.

Economies of Scale Can Result from