Question
15. If a higher level of production will allow employees tospecialize in particular tasks, the company will show: a. Economics of scale and reduced average
15. If a higher level of production will allow employees tospecialize in particular tasks, the company will show:
a. Economics of scale and reduced average total cost
b. Economics of scale and increased average total cost
C. Diseconomy of scale and reduced average total cost
d. Diseconomy of scale and increased average total cost
16. The production possibilities curve represents thecombination:
a. Maximum of goods and services that an economy can produce giventhe limited production factors.
b. Average of goods and services produced in an economy with thefactors of production and available technology.
C. Of goods and services that is currently producing aneconomy.
d. Minimum of goods and services that an economy can produce givenunlimited production factors
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