Which of the following is example of external economies of scale? Discount on purchases of raw

ENGR.ECONOMIC ANALYSIS
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23. Which of the following is example
of external economies of scale?
A. O Discount on purchases of raw
materials
B. O Technical progress leads to
development of machine at low
price
C. O Hiring of specialized staff due to
increase in scale of production
D. O A firm starts producing by-products
Transcribed Image Text:23. Which of the following is example of external economies of scale? A. O Discount on purchases of raw materials B. O Technical progress leads to development of machine at low price C. O Hiring of specialized staff due to increase in scale of production D. O A firm starts producing by-products
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