Meaning of Scale of Production - SS1 Economics Past Questions and Answers - page 1

The size and volume of production output of a business

The location of a business

The number of employees in a business

The marketing strategy of a business

Where businesses produce limited quantities of goods or services with limited resources and a small workforce

Where businesses produce a massive amount of goods or services with substantial resources and an extensive workforce

Where businesses produce a moderate amount of goods or services with more significant resources and a larger workforce

None of the above

Where businesses produce limited quantities of goods or services with limited resources and a small workforce

Where businesses produce a massive amount of goods or services with substantial resources and an extensive workforce

Where businesses produce a moderate amount of goods or services with more significant resources and a larger workforce

None of the above

Where businesses produce limited quantities of goods or services with limited resources and a small workforce

Where businesses produce a massive amount of goods or services with substantial resources and an extensive workforce

Where businesses produce a moderate amount of goods or services with more significant resources and a larger workforce

None of the above

It may increase or decrease the costs depending on the scale

It has no impact on a business's costs

It only increases the costs of production

It only decreases the costs of production