Production：練習問題

• a.\(£30\)
• b.\(£25\)
• c.\(£12.50\)
• d.\(£5\)

• a.

  The increase in total output resulting from an increase in the scale of production.

• b.

  The ratio of outputs produced to the inputs used in the production process.

• c.

  The total amount of goods and services produced in a specific time period.

• d.

  The total revenue earned by a firm divided by the number of workers.

• a.The firm can negotiate lower prices for raw materials by bulk-buying
• b.Total revenue increases faster than total costs
• c.The firm has to hire more managers, leading to communication problems
• d.The firm faces less competition in the market

• a.The total revenue earned from selling goods
• b.The total amount of goods produced by a firm
• c.The cost of producing one extra unit of output
• d.The output produced per unit of input, such as a worker

• a.

  A large firm being able to buy raw materials in bulk at a discounted price per unit.

• b.

  A large firm being able to afford specialist managers, improving efficiency.

• c.

  A large firm being able to borrow money at lower interest rates than a small firm due to perceived lower risk.

• d.

  A large firm spreading the fixed cost of expensive machinery over a larger volume of output.

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