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Edexcel A-Level Economics A2 3.3.2 3d Sources of Internal Economies of Scale Financial Technical Managerial Questions

Practise recognising sources of internal economies of scale and explaining how firm growth can lower long-run average costs in specific contexts.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • identify technical, purchasing or managerial economies from business scenarios
  • explain how internal economies lower long-run average costs for a growing firm

Edexcel A-Level Economics A2 3.3.2 3d Sources of Internal Economies of Scale Financial Technical Managerial Questions question 1

[Maximum number: 1]

In 2021, Koji Sato, the CEO of Toyota, stated that technical economies of scale were one of the main reasons for the company's success.

Which one of the following results from technical economies of scale?

A

An increase in purchasing economies

B

A decrease in advertising costs

C

An increase in short-run average costs

D

A decrease in long-run average costs

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