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WAEC Economics 2013 Question 46

Question 46

Theory of Production

The main advantage of large scale production is that

  1. A.unit cost of production falls.
  2. B.decision-making is quick.
  3. C.worker-management relationship is improved.
  4. D.the quality of the product increases.
Show the answer and explanation

Answer: A (unit cost of production falls.)

Explanation

Economies of scale lower the average cost of each unit.