When the cost of producing a unit of a good decreases as its output rate increases, there are economies of
A) scale.
B) scope.
C) production.
D) size.

Name: When the cost of producing a unit of a good decreases as its output rate increases, there are economies of A) scale. B) scope. C) production. D) size.
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Question

Quizplus · Accepted Answer

Economies of scale occur when the cost of producing a unit of a good decreases as its output rate increases.

When the Cost of Producing a Unit of a Good