Question

True or false

". If a firm wants to capitalize on
economies of scale, it may be able to do so
by assigning limited tasks to their
employees, so they can master those tasks."

Answer 1

The statement is true. By assigning limited tasks to employees, firms can capitalize on economies of scale and decrease the cost per unit of output.

Step-by-step explanation:

The statement is true. If a firm wants to capitalize on economies of scale, it can assign limited tasks to their employees, allowing them to master those tasks.

Economies of scale refer to the situation where, as the quantity of output increases, the cost per unit goes down. By assigning limited tasks, employees can become more efficient and skilled in their specific roles, resulting in increased productivity and lower costs.