Economies of scale is another term for
A)increasing returns to scale.
B)constant returns to scale.
C)increasing marginal physical productivity.
D)decreasing returns to scale.

Question

Quizplus · Accepted Answer

Economies of scale refer to a situation in which an increase in the scale of production leads to a more than proportional increase in output, resulting in lower average costs. This is known as increasing returns to scale.

Economies of Scale Is Another Term for