Economies of Scale

Multiple Choice

Economies of scale

A) require a change in the size of operations and therefore is a long-run consideration
B) require a more intensive use of existing plant and therefore is a short-run consideration
C) means that a doubling of plant size will double output
D) require a change in the size of plant and therefore is a short-run consideration
E) require a more intensive use of existing plant and therefore is a long-run consideration