Economies of Scale Quiz

ArdentMoonstone avatar
ArdentMoonstone
·
·
Download

Start Quiz

Study Flashcards

10 Questions

What do internal economies of scale refer to?

Benefits to the firm originating from the organization itself

When does a firm experience economies of scale?

When long-run average costs are falling

What are external economies of scale?

Benefits given to the firm from outside the firm

What is the optimum output level corresponding to on the long-run average costs curve?

Point B

What do economies of scale lead to for a company?

Increased overall efficiency and competitiveness

What do external economies of scale refer to?

Benefits to the firm originating from neighboring firms

When does a firm experience diseconomies of scale?

When long-run average costs are rising

What do internal economies of scale benefit from?

Benefits from the organization itself

What is the optimum output level on the long-run average costs curve?

The level of output that corresponds to the lowest point on the curve

What are the components of economies of scale in terms of?

Technical, marketing, financial, managerial, and risk-bearing aspects

Test your knowledge of economies and diseconomies of scale with this quiz. Learn about the definitions of "economies of scale," "internal economies," and "external economies," and understand their impact on long-run average costs. Explore the components of economies of scale, including technical, marketing, financial, managerial, and risk-bearing aspects. Sharpen your understanding of these crucial economic concepts.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Economies of Scale Quiz
6 questions

Economies of Scale Quiz

SelfSatisfactionRockCrystal avatar
SelfSatisfactionRockCrystal
Economies of Scale at Produktibidad
10 questions
Use Quizgecko on...
Browser
Browser