![]() Which of the following is a characteristic of economies of scale? a) The average cost declines as output increases b) The average cost increases as output increases c) The average cost remains constant as output increases d) The average costs are cheaper when a firm produces a wider variety of goods e) The average cost curve takes the form of a U-shape Ans: a Heading: Where Do Economies of Scale Come From? – Definition of Economies of Scale Level: EasyĢ. Download full file at File: ch02, Chapter 2: Economies of Scale and Scopeġ. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |