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

Practise Edexcel IAL Economics 3.3.2.3d by recognising technical economies of scale and linking firm growth to lower long-run average costs.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • identify technical economies of scale and explain how they reduce long-run average cost

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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