Asked by Miranda Dennis on Sep 24, 2024
What are economies of scale?
A) decreasing average costs as production increases
B) increasing average costs as production increases
C) increasing fixed costs as production increases
D) none of the above
Economies Of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
- Acquire an understanding of the dynamics of economies and diseconomies of scale.
Learning Objectives
- Acquire an understanding of the dynamics of economies and diseconomies of scale.
Related questions
It Is Common in Large Breweries for the Long-Run Average ...
Which of the Following Is True ...
A Manufacturing Company That Benefits from Lower Costs Per Unit ...
If Your Long-Run Costs Exhibit Increasing Returns to Scale,securing Big ...
The Ability to Lower the Average Costs Over Total Production ...