The concept of________ suggests that as a firm produces more,the more efficient it becomes.
A)economies of scale
B)cost enhancement
C)natural growth
D)survival of the fittest

Question

Quizplus · Accepted Answer

Economies of scale refers to the cost advantages that a firm gains as it increases production. This occurs because the cost of producing each unit decreases as output increases. As a result, a firm becomes more efficient and can produce goods at a lower cost per unit.

The Concept Of________ Suggests That as a Firm Produces More,the