Question
Process by which cost of unit production is reduced
with increase in the units produced, is called?Solution
When more units of a good or a service can be produced on a larger scale, yet with (on average) fewer input costs, economies of scale (ES) are said to be achieved. Economies of scale arise because of the inverse relationship between the quantity produced and per-unit fixed costs; i.e. the greater the quantity of a good produced, the lower the per-unit fixed cost because these costs are spread out over a larger number of goods.
Select the option that is related to the third term in the same way as the second term is related to first term and the sixth term is related to the fif...
Painter : Brush :: Writer : ?
A statement is given followed by two courses of action I and II. Analyse the given situation and select the appropriate course of action.
Stateme...
Carrot : Vegetable :: ?
Select the word which does not belong to the same group from the given alternatives.
- Select the option that is related to the third letter-cluster in the same way as the first letter-cluster is related to the second letter cluster.
... Awful : Terrible :: Descent : ?
complete the series.
T _ G _ _ T I _ _ R _ _ G E R T I G _ _ T _ _ E R
Select the option that is related to third letter cluster in the same way as the second letter cluster is related to the first letter cluster.
PR...
Select the set of letters that when sequentially placed in the blanks of the given letter series will complete the series.
_ x y _ w _ y z w x _ _ w _ _ z
