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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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loris [4]

Answer:

a. Physical appearance

Explanation:

The Physical appearance of a person is as a result of the genetic make up of the individual. This factor barely has an influence on an individual’s core belief system.

Religious background is a key element of individual’s core belief system as it forms the basis of one's belief about God, life, fate and destiny.

Family upbringing forms the basis of one's belief as the individual grows. The influence of the members of a family forms a part of the individual's core belief.

Life experiences as well forms a key part of our belief system and the same goes for personality.

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3 years ago
What is ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
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3 years ago
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7 0
3 years ago
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Agata [3.3K]

Answer:

Price of stock- $26

Explanation:

<em>Using te dividend valuation model, the price of a stock is the present value of the future cash flows expected from the stock discounted at the required rate of return.</em>

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