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25 multiple - choice questions. the test will open at 8:00 am and close at 10:00 am. you have 45 minutes to complete the test from the time you begin. there is a timer. you have 45 uninterrupted minutes to finish the test. you will see one (1) question at a time. do not skip questions, as you will not be able to go back through the questions. (if you do, you will be \locked out\ from going back.) be sure to hit \submit\ when you have finished. question 1 \economies of scale\ refers to: buying in quantity and shipping products in bulk weight restrictions on railroads the use of electricity in factories the discrimination of race and sex in the work force
Economies of scale in economics refer to the cost - advantages that enterprises obtain due to their scale of operation, often by buying in quantity and shipping products in bulk to reduce per - unit costs.
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A. Buying in quantity and shipping products in bulk