Economics 0455 · IGCSE · Firms’ costs, revenue and objectives

Firms’ costs, revenue and objectives — practice question

What is one illustration of a technical economy of scale?

  • ABanks provide loans at a lower interest rate to bigger firms.
  • BBigger firms hire more workers.
  • CFirms obtain discounts when buying in bulk.
  • DMachines are used closer to their full capacity.

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