Production, Costs, Revenue, and Profit 0.0 / 5 ? EconomicsTopic 4 : Production, Costs, Revenue, and ProfitGCSENone Created by: gizmosupremacyCreated on: 16-12-23 20:01 What do firms measure to keep an eye on productivity? Fixed cost per unit 1 of 7 What happens to costs as productivity increases? Fixed costs per unit decreases 2 of 7 What does effective management NOT look like? Managers ensure machinery is working correctly 3 of 7 How can morale be improved at the workplace? Improved wages 4 of 7 What are the conditions when economies of scale are maximised? Costs are minimised, and output is high 5 of 7 External economies of scale leads to expansion of the... industry as a whole 6 of 7 What is the main issue with economies of scale? Too many staff 7 of 7
Comments
No comments have yet been made