Economies of scale indicates:
A) the idea that proprietorships are less bureaucratic and therefore more efficient than corporations.
B) public investments in highways, schools, utilities, and such.
C) the fact that large producers may be able to use more efficient technologies than smaller producers.
D) the reallocation of labour from less-productive to more-productive uses.
Correct Answer:
Verified
Q80: Labour productivity is measured by:
A)the ratio of
Q81: Increasing returns would be a situation where
Q82: During the last decade, the innovations in
Q83: Other things equal, in which of the
Q84: The most important contributor to increases in
Q86: Over the past half century the growth
Q87: The knowledge and skill that make for
Q88: A source of increasing returns to scale
Q89: Other things equal, if a full-employment economy
Q194: The movement of workers from lower productivity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents