WAEC Economics 2013 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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The main advantage of large scale production is that
- A. unit cost of production fallsCorrect
- B. decision making is quick
- C. worker-management relationship is improved
- D. the quality of the product increase
Explanation
In large scale production, unit (average) cost falls as output increases — this is known as economies of scale.
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