Solved

As a Firm's Level of Output Increases, Economies of Scale

Question 123

Multiple Choice

As a firm's level of output increases, economies of scale cause its long-run:


A) total cost to decrease.
B) total cost to remain constant.
C) average total cost to decrease.
D) average total cost to increase at a slow rate.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents