Principle of Economies of Scale
Which of the following scenarios best illustrates the principle of economies of scale, where increased production leads to lower costs per unit?
A
GNI per capita = [(GOODS + SERVICES) + (EXPORTS – IMPORTS)] ÷ POPULATION
B
Workers began to organize into cooperative societies and trade unions, which provided benefits and services to their members
C
An indexed score from 0.00 to 1.00 is calculated for countries by combining GDP per capita, the adult literacy rate, average level of education, and total life expectancy
D
When a company increases output of a single product, it can save money by purchasing supplies in bulk
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