Question: Define the following terms and then explain the role they might play in your forecast. (a) Economies of scale (b) Lumpy assets. (c) Excess capacity.

Define the following terms and then explain the role they might play in your forecast.
(a) Economies of scale
(b) Lumpy assets.
(c) Excess capacity.

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Economies of scale refer to situations where unit costs decline as sales increase Lumpy assets are a... View full answer

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