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Question 11 (1 point) Economies of scale can be produced by: a. manufacturing products in large quantities O b. purchasing raw materials in large quantities O c. better use of workers’ skills and knowledge d. all of the above Save

Economies of scale is the reduction of overall cost of manufacturing a product by production in large quantity and by procuring the required resources in bulk so that price negotiation leads to reduced costs and thus helps in overall reduction of cost of the goods manufactured
So, as per above discussion, all the above options (a, b and c) are correct and option d is the correct option
 
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