Ask Question
BusinessBusiness
6 May, 17:34

3. What is meant by economy of scale? Why would costs be im pacted by the quantity of garment that is produced?

+4
Answers (1)
  1. 6 May, 20:32
    0
    Economies of Scale refer to the cost advantage experienced by a firm when it increases its level of output. The advantage arises due to the inverse relationship between per-unit fixed cost and the quantity produced. The greater the quantity of output produced, the lower the per-unit fixed cost.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “3. What is meant by economy of scale? Why would costs be im pacted by the quantity of garment that is produced? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
It is unwise to take a questionnaire designed for online administration and simply let the questionnaire design system present it in mobile device formaA. TrueB. False
Answers (1)
Tructuring a Special-Order Problem Harrison Ford Company has been approached by a new customer with an offer to purchase 10,000 units of its model IJ4 at a price of $3.80 each.
Answers (1)
Louise has been a child care provider for one year. She works out of her home and cares for five children. She completed a training and certification course and is registered in her state.
Answers (1)
When a guy says go make me a sandwich what's a good comeback?
Answers (1)
Read the statement, and then answer the question. a subtle form of product advertising called product placement occurs when a company pays to have its product seen in an entertainment feature. what is an example of product placement? a.
Answers (1)
New Questions in Business
What equipment should you use to reheat food? A. A stove B. A heat lamp C. A steam table D. A chafing dish
Answers (1)
A small multifamily property generates $50,000 in rental income, $10,000 in expenses, and $25,000 in debt service. The property appreciates about $25,000 each year. What is the cash flow on this property?
Answers (1)
Robot Corporation is liquidated, with Marty receiving property having an adjusted basis of $60,000 and an FMV of $90,000. The property is subject to a $80,000 mortgage, which Marty assumes. Marty's basis in the Robot stock surrendered is $50,000.
Answers (1)
Sales and commission are based on selling price, not the costs you have been provided. Labor: 13.8 hours at 18.75 per hour Overhead: 92% of labor Material Costs: $65.
Answers (1)
When airbnb customers in malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.
Answers (1)
Home » Business » 3. What is meant by economy of scale? Why would costs be im pacted by the quantity of garment that is produced?
Sign Up Forgot Password?