Cost and Managerial Accounting Online MCQ Set 15

QN01. When a firm doubles its inputs and finds that its output has more than doubled, this is known as: Economies of scale. Constant returns to scale. Diseconomies of scale. A violation of the law of diminishing returns. Answer(A)Economies of scale. QN02. The standard time required per unit of a product is 20 minutes. In…

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