Reference no: EM132367229

In recent? decades, agricultural production in many countries has shifted to much larger enterprises. What would economies of scale have to do with agricultural production shifting to much larger? operations?

What are economies of? scale?

Economies of scale

a) exist at the level of output at which all economies of scale are exhausted.

b) refers to the relationship between the inputs employed by a firm and the maximum output it can produce with those inputs.

c) exist when a? firm's long-run average costs remain constant as it increases output.

d) exist when a? firm's long-run average costs fall as it increases output.

e) refers to the dividing up the tasks to be performed among? workers, allowing them to become more specialised at their tasks.

What would economies of scale have to do with agricultural production shifting to much larger? operations?

Economies of scale have prompted agricultural producers to shift to larger operations

a) to produce more efficiently.

b) to raise market prices.

c) to purchase inputs at higher cost.

d) to produce? higher-quality products.

e) to prevent managers from having difficulty coordinating operations.