Scale economies exist anytime that there is a much larger cost to producing the last unit of something than there is to produce the first unit of something

Name: Scale economies exist anytime that there is a much larger cost to producing the last unit of something than there is to produce the first unit of something
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Question

Quizplus · Accepted Answer

Scale economies exist when the cost per unit decreases as the scale of production increases, not when the cost of producing the last unit is much larger than the first.

Scale Economies Exist Anytime That There Is a Much Larger