O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2020 · Q151 Mark

When do economies of scale take place?

Ain the short run

Bif variable factors become fixed

Cwhen all factors of production are fixed

Dwhen all factors of production are variable

✓ Correct answer

D: when all factors of production are variable

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2020 Paper 1 Variant 2, question 15.

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