CIMA Fundamentals of Business Economics BA1 Question # 69 Topic 7 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 69 Topic 7 Discussion

BA1 Exam Topic 7 Question 69 Discussion:
Question #: 69
Topic #: 7

Which of the following are examples of long run internal economies of scale?

i. Mass production using robot machine tool technology

ii. Obtaining lower prices when buying raw materials in bulk

iii. Long run technical change in the industry

iv. The emergence of specialized training institutions for the industry

v. Lower borrowing costs for large firms

vi. The spreading of fixed costs over a larger output


A.

(i), (ii) and (iii) only


B.

(ii), (iii) and (v) only


C.

(i), (ii) and (v) only


D.

(i), (iv) and (vi) only


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