Asked by Christopher Flores on May 14, 2024
Verified
Which of the following is not a source of economies of scale?
A) learning-by-doing
B) labor specialization
C) use of larger machines
D) inelastic resource supply curves
Economies of Scale
The cost advantages that enterpises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Learning-by-doing
Learning-by-doing is the process of improving skills and efficiency in a task or operation through practical experience and repetition over time.
Labor Specialization
The division of labor where individuals focus on a narrow area of expertise, improving efficiency and productivity.
- Pinpoint the contributing factors to economies of scale and their influence on organizational production and cost structures.
Verified Answer
Learning Objectives
- Pinpoint the contributing factors to economies of scale and their influence on organizational production and cost structures.
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