_____,or reductions in unit costs as plant output expands,are achieved because of greater utilization of capital equipment and the productivity gains that come with specialization of employees within the plant.

Question

Quizplus · Accepted Answer

The concept of economies of scale tells us that as plant output expands,unit costs decrease.The reasons include the greater utilization of capital equipment and the productivity gains that come with specialization of employees within the plant.

_____,Or Reductions in Unit Costs as Plant Output Expands,are Achieved