A(n) ________ in a firm's scale of production leads to ________ average total cost when there are economies of scale.
A) increase; lower
B) increase; higher
C) decrease; lower
D) decrease; no change in

Question

Quizplus · Accepted Answer

When there are economies of scale, an increase in a firm's scale of production leads to lower average total costs because the firm becomes more efficient as it produces more.

A(n) ________ in a Firm's Scale of Production Leads to ________

A(n) in a Firm's Scale of Production Leads to