Economies of scale refers to the fact that as the quantity of product produced in a given time period __________, the cost of manufacturing each unit __________.

Name: Economies of scale refers to the fact that as the quantity of product produced in a given time period __________, the cost of manufacturing each unit __________.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Economies of scale occur when increasing production leads to lower costs per unit due to factors like spreading fixed costs over more units and operational efficiencies.

Economies of Scale Refers to the Fact That as the Quantity