Part 1[2]
Define the term ‘economies of scale’ from lines 1–2.
Business 9609 · AS & A Level · Size of business
Size of business — practice question
Worked solution & mark scheme
This 2-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Unit/average costs decrease as output rises (economies of scale).” …
- Full mark scheme, point by point
- Step-by-step worked solution
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