Economies of scale account for what part of a long-run average total cost curve?
A) Downward-sloping
B) Horizontal
C) Upward-sloping
D) Vertical

Name: Economies of scale account for what part of a long-run average total cost curve? A) Downward-sloping B) Horizontal C) Upward-sloping D) Vertical
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Question

Quizplus · Accepted Answer

Economies of scale occur when increasing production leads to lower average costs, which is represented by the downward-sloping part of the long-run average total cost curve.

Economies of Scale Account for What Part of a Long-Run