Economies of scale
A)require inputs' MPP to fall as output increases (everything else equal).
B)pertain to the long run only.
C)refer to increased output generalized by an increase in the quantity of a single input.
D)imply that the AC curve will fall continuously as output increases in the short run.

Question

Quizplus · Accepted Answer

Economies of scale pertain to the long run because it is during this period that all inputs can be varied to increase output, leading to a decrease in the average cost per unit as production scales up.

Economies of Scale