________ focus(es)on the relationship between the volume of production and a given point in time and average unit costs,the ________ focus(es)on the relationship between cumulative production and average costs.

Question

Quizplus · Accepted Answer

Economies of scale focus on how average unit costs decrease as production volume increases at a given point in time. The learning curve focuses on how average costs decrease as cumulative production increases over time.

________ Focus(es)on the Relationship Between the Volume of Production and a Given