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Olegator [25]
3 years ago
9

Economies of scale occur when a firm'sa. marginal costs are constant as output increases. b. long-run average total costs are de

creasing as output increases. c. long-run average total costs are increasing as output increases. d. marginal costs are equal to average total costs for all levels of output.
Business
1 answer:
vichka [17]3 years ago
6 0

Answer: Option (b) is correct.

Explanation:

Economics of scale occurs when a firm's long run average total costs decreases as there are more number of units produced.

Basically, economics of scale is a cost advantage that is experienced by the firms or companies by increasing the level of production.

This is happened because of the indirect relationship between the per unit fixed cost and output level. The larger the output produced results in lower per unit fixed cost.

There are two types of economies of scale that are internal and external economies of scale.

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Answer:

Option D. purchase the shares of a Index fund.

Explanation:

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Match the specifications to the type of creditors.
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Price serves as a a. rationing device. b. transmitter of information. c. means of determining who gets what of the available lim
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e. all of the above

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In the individual level adoption process for a low involvement good, such as a new pack of gum or candy bar, what two steps in t
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evaluation and trial

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Which of the following journal entries represents an increase in accounts payable correctly
PtichkaEL [24]

Answer:

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