Crumpton Industries reduced its unit costs when it expanded its productive capacity, indicating that it has benefited from
A) experience curve efficiencies.
B) learning effects.
C) economies of scale.
D) economies of scope.

Question

Quizplus · Accepted Answer

Economies of scale occur when a company reduces its costs per unit due to increased production, as fixed costs are spread over more units.

Crumpton Industries Reduced Its Unit Costs When It Expanded Its