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juin [17]
3 years ago
12

Use the table to indicate which description characterizes economies of scale and which characterizes economies of scope.

Business
1 answer:
kenny6666 [7]3 years ago
3 0

Answer and Explanation:

The economics of scope refers to the total cost production cost i.e to be averaged for the various type of goods

While on the other hand, the economics of scale refers to the benefit of the cost than occurs when there is a higher production level at a time

Based on this, the classification is as follows

1, Economics of scale as the output rises that declines the LAC so automatically it goes downward

2. economics of scope

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Answer:

A. Distracting billboards

Explanation:

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8 0
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Which of the following is NOT part of the simple circular flow model?
hjlf

Answer:

<u>The correct answer is B. Government</u>

Explanation:

There is no doubt that the simple circular flow model explains supply and demand in an elemental economic perspective, however this model doesn’t take into account at least five other key factors of the economic systems.  Those factors are:  

1. Government sector.

2. Government spending.

3. The taxation system.

4. The financial institutions.

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4 years ago
A large corporation that has its headquarters in Boston, manufacturing plants in Indonesia, and regional offices and retail stor
Alla [95]
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6 0
3 years ago
One of the most important features of a filing and record keeping system is that it works for you and meets your needs true or f
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True

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