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

Firms’ costs, revenue and objectives — practice question

A cobalt-mining company spends money on machinery so that some employees can be replaced. In time, diseconomies of scale arise. What might lead to this situation?

  • AAs more cobalt is mined average costs increase.
  • BFewer workers are needed to produce the required output.
  • COutput per hour increases as more machinery is used.
  • DOverhead costs are spread as output increases.

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