The ____________ declines with output until a certain output level is reached; at which point further increases in output realize little reduction in unit costs.

Question

Quizplus · Accepted Answer

The statement is describing the concept of the unit cost curve, which shows how unit costs decline with output up to a certain point (due to economies of scale) and then begin to increase again (due to diseconomies of scale). The other answer choices are not applicable or accurate descriptions.

The ____________ Declines with Output Until a Certain Output Level