What economic concept would be most closely associated with a situation where an aluminum plant expands its operations and uses extensive computerization in the production line to reduce per-unit
Costs of production?
A) infrastructure
B) human capital
C) network effects
D) economies of scale

Question

Quizplus · Accepted Answer

The situation described is an example of economies of scale, where an increase in production scale leads to a decrease in per-unit costs. The use of computerization in the production line is a form of technology that allows for greater efficiency in the production process, leading to cost savings.

What Economic Concept Would Be Most Closely Associated with a Situation