What is meant by the term “economies of scale”?
a) The larger the manufacturing run of any product, the less it will cost to produce per item, thanks to savings in materials, time, and labor.
b) The larger the economy, the sounder the government will be.
Consider This: How did Isambard Kingdom Brunel use the concept in building the Great Eastern? See 7.7: Narrative: The Great Ship.
c) The more steps there are in manufacturing a product, the more revenue it will produce.
Consider This: How did Isambard Kingdom Brunel use the concept in building the Great Eastern? See 7.7: Narrative: The Great Ship.
d) Several small factories can produce goods at a faster rate and lower price than one large factory, since it will necessarily be slower and more prone to shutdowns.
Consider This: How did Isambard Kingdom Brunel use the concept in building the Great Eastern? See 7.7: Narrative: The Great Ship.
a) The larger the manufacturing run of any product, the less it will cost to produce per item, thanks to savings in materials, time, and labor.
You might also like to view...
The "Long Walk" refers to the forced march and imprisonment of this group during the Civil War
A) Santee Sioux B) Cherokee Confederate sympathizers C) Navajo D) Comanche
Chavín culture is best understood as a ________
A) highly centralized civilization B) broad cultural region C) Incan state D) network of cities
By 133 B.C.E., Rome had
A) claimed Jerusalem. B) been able to annex Gaul. C) conquered the territory to the east of the Danube River. D) been unsuccessful in defeating Carthage. E) provinces in Europe, Africa, and Asia.
What countries were expected to be barriers to the westward expansion of Russian communism?
A. Turkey, Iraq, Lebanon, and Palestine B. Turkey, Iraq, and Yugoslavia C. Poland, Romania, Yugoslavia, the Baltic states, and Czechoslovakia D. Poland, Romania, Turkey, and Iraq